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Karen and Wayne need to buy a refrigerator. A company offered them an installation loan at 16% (add-on rate). If the refrigerator cost $1,540 plus

Karen and Wayne need to buy a refrigerator. A company offered them an installation loan at 16% (add-on rate). If the refrigerator cost $1,540 plus 5% sales tax and Karen and Wayne plan to pay for the refrigerator for 3 years, what is the monthly payment

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