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A coctiact can be fulfled by making an imenediate payment of $12.500 or equal payments at the end of each month for 9 years. What
A coctiact can be fulfled by making an imenediate payment of $12.500 or equal payments at the end of each month for 9 years. What is the size of the monthly payments at 11.1% compounded mentriy? The payment is (Round the final answer to the nearest cent as needed. Round all intermedate values to six docimal places as needed.)
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