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Mariann purchases a kitchen set costing $3,480 by taking out an 12% add-on installment loan. The loan requires a 25% down payment and equal monthly

Mariann purchases a kitchen set costing $3,480 by taking out an 12% add-on installment loan. The loan requires a 25% down payment and equal monthly payments for 3 years. How much are Mariann's monthly payments?

(The answer is NOT 105.33) Please show steps. Thank you!

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