Question

Use a calculator for this exercise.
style=”color:rgb(0,0,0);”>Luis Mahla purchases a Porsche Boxster for $43,700 and finances the entire amount at an annual interest rate of 5.3% for 5 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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