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6. Jaspreet purchased a trailer for $100,000 by making payments at the end of each month for 15 years. If interest is 5.5% compounded annually

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6. Jaspreet purchased a trailer for $100,000 by making payments at the end of each month for 15 years. If interest is 5.5% compounded annually what is the size of the monthly payments? (4 marks)

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