1. **State the problem:** We need to find the monthly payment for a car loan of 27254 dollars, given that the monthly payment is 23.601 dollars per 1000 dollars borrowed for a 4-year loan. 2. **Formula used:** The monthly payment $M$ can be calculated by multiplying the payment rate per 1000 dollars by the number of thousands borrowed: $$M = \text{payment rate} \times \frac{\text{loan amount}}{1000}$$ 3. **Calculate the number of thousands borrowed:** $$\frac{27254}{1000} = 27.254$$ 4. **Calculate the monthly payment:** $$M = 23.601 \times 27.254$$ 5. **Perform the multiplication:** $$M = 23.601 \times 27.254 = 642.995454$$ 6. **Round to the nearest cent:** $$M \approx 643.00$$ **Final answer:** The monthly payment for the car loan is **643.00** dollars.