You borrow $5,600 to buy a car. The terms of the loan call for monthly payments for four years at a 5.9% rate of interest. What is the amount of each payment?

a. $103.22

b. $103.73

c. $130.62

d. $131.26

e. $133.04

a. $103.22

b. $103.73

c. $130.62

d. $131.26

e. $133.04

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