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13- Muscat bank will loan you OMR 8,500 for two years to buy a car. The loan must be repaid in 24 equal monthly payments.

13- Muscat bank will loan you OMR 8,500 for two years to buy a car. The loan must be repaid in 24 equal monthly payments. The annual interest rate on the loan is 12% of the unpaid balance. What is the amount of the monthly payments

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