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Monopoly bank loans your practice $24,000 for four years to buy a new equipment. The loan must be repaid in 48 equal monthly payments. The

Monopoly bank loans your practice $24,000 for four years to buy a new equipment. The loan must be repaid in 48 equal monthly payments. The annual interest rate on the loan is 9 percent. What is the monthly payment? Round to nearest dollar.

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