(Answered) Sarah needs to figure out if shell be able to handle the

Finance

Sarah needs to figure out if she'll be able to "handle" the monthly car payments to buy the car she wants. The total cash price of the car is $25,000 and she can afford to make a down payment of $5,000. If she obtains financing to come up with the difference what will her monthly payments be assuming she gets a 5 year loan with an interest rate of 8% compounded monthly?

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