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Cassandra took a loan of $8,900 from her parents to purchase equipment for her hair salon. They agreed on an interest rate of 4% compounded
Cassandra took a loan of $8,900 from her parents to purchase equipment for her hair salon. They agreed on an interest rate of 4% compounded quarterly on the loan. What equal monthly payments made at the end of each period will settle the loan for 6 years if the first payment is to be made 2 years and 1 month from now? $ 0.00 Round to the nearest cent N
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