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If you buy a computer directly from the manufacturer for $2,843 and agree to repay it in 48 equal installments at 1.6% interest per month
If you buy a computer directly from the manufacturer for $2,843 and agree to repay it in 48 equal installments at 1.6% interest per month on the unpaid balance, how much are your monthly payments? How much total interest will be paid?
Your monthly payment is?
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