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contract state that interest is calculated at 9 . 4 % compounded monthly, how much does Jie have to pay at the end of each

contract state that interest is calculated at

9.4 %

compounded monthly, how much does Jie have to pay at the end of each month?

Jie must make payments of $

(

Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.

)

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