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If you buy a computer directly from the manufacturer for $3,249 and agree to repay it in 60 equal installments at 1.6% interest per month

If you buy a computer directly from the manufacturer for $3,249 and agree to repay it in 60 equal installments at 1.6% interest per month on the unpaidbalance, how much are your monthlypayments? How much total interest will bepaid?

Your monthly payment is $____

. (Round to two decimalplaces.)

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