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Daniel nuckols monthly payment for the car loan

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Daniel Nuckols is shopping for a used car. He spotted a pre-owned car sales advertisement from Classic Nissan of Texoma dealership (see the attached photo). The advertised price of the 2018 Nissan Murano is $33,728. The dealer agreed to finance the car at a 9% annual interest rate, compounded monthly, for monthly payments over 3 years. Over these 3 years period, Daniel Nuckols will make monthly payments at the beginning of each month. What will be Daniel Nuckols's monthly payment for the car loan?

Reference no: EM132666988

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