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You have decided to buy a new tool for $5,500 and agreed to pay in 30 equal monthly payments at 6% APR on the unpaid

You have decided to buy a new tool for $5,500 and agreed to pay in 30 equal monthly payments at 6% APR on the unpaid balance. How much do you pay monthly?

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Answer You would pay 19913 per month Explanation ... blur-text-image

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