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Frank's Machine Shop purchased a computer to use in tuning engines. To finance the purchase, the company borrowed $15,100 at 7% compounded annually. To repay

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Frank's Machine Shop purchased a computer to use in tuning engines. To finance the purchase, the company borrowed $15,100 at 7% compounded annually. To repay the loan, equal monthly payments are made over four years, with the first payment due two years after the date of the loan. What is the size of each monthly payment? The size of each monthly payment is $

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