How much would her monthly payment be for a loan financing, Finance Basics

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How much would her monthly payment be for a loan financing

Allie Dawson is trying to decide whether or not she can afford the monthly payment of a loan to purchase a new car. The car costs $19,600. She is considering a 5-year loan at 6% interest. How much would her monthly payment be for a loan financing the full cost of the car?

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