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1. You have accumulated $1082.09 in credit card debt. Your interest rate is 14.02% per year and you will pay it off in 55 months.

1. You have accumulated $1082.09 in credit card debt. Your interest rate is 14.02% per year and you will pay it off in 55 months. what will be your monthly payment?

2. You want to purchase a car that costs $30567. You can afford $4643 as a down payment and will borrow the rest. The bank has offered you a rate of 4.62% on a 4-year loan. What is your monthly payment?

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