Finance
Nick has been depositing $120 in a savings account every three months for the past 3 years.This account paid 14% convertible quarterly. Nick has just made the last deposit. Nick is buying a car for $18000 .He is taking out a car loan. He will use the accumulated value for his savings account as the down payment on the car. The loan is 9%convertible monthly and and has a term of 5 years .Find the size of Nick's monthly car loan payment
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