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Question

Eln purchased a used for a $10,000. She whole a check for $2,000 as a down payment for the car and financed the $8,000 balance. The annual percentage rate a 12% compounded monthly and the loan is to be repaid monthly installments over the next five years. Which of the following is more near to Eln's monthly payment? Phi = $167 Phi = $178 Phi = $188 Phi = $200