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Brooke is a beautician who is opening her own salon. She needs $8,500 to purchase furniture and equipment. Brooke makes a 10% down payment and

Brooke is a beautician who is opening her own salon. She needs $8,500 to purchase furniture and equipment. Brooke makes a 10% down payment and finances the balance on a 48-month loan with an interest rate of 4% per year compounded monthly. What is Brooke's monthly payment

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