Find the monthly interest payment in the situation below. Assume that monthly interest rates are 112 of
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Question:
Find the monthly interest payment in the situation below. Assume that monthly interest rates are 112 of annual interest rates.
Veronica owes a clothing store $1700, but until she makes apayment, she pays 2% interest per month.
What isVeronica's monthly interestpayment?
$.....
(Round to the nearest dollar asneeded.)
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