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A couple bought 10,000 worth of furniture from the rock. Starting exactly nine months from now they will make their first of 18 monthly payments
A couple bought 10,000 worth of furniture from the rock. Starting exactly nine months from now they will make their first of 18 monthly payments to pay off the furniture plus 616.25 accumulated interest. The interest rate is 8% compounded monthly the entire time including the waiting period. Calculate the size of their monthly payment
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