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Answer to Question #74154 in Financial Math for sara
Question #74154
Luis Mahla purchases a Porsche Boxster for $46,800 and finances the entire amount at an annual interest rate of 5.4% for 8 years. Find the monthly payment. Assume the sales tax is 6% of the purchase price and the license fee is 1% of the purchase price. (Round your answer to the nearest cent.)
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