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4 . A consumer purchased new furniture by borrowing $ 1 , 5 0 0 using the store's credit plan which charges 1 8 %

4. A consumer purchased new furniture by borrowing $1,500 using the store's credit plan which charges 18% compounded monthly.
a. What are the monthly payment if the loan is to be repaid in 3 years?
b. How much of the first payment is interest?

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