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Petty Marine CO. has a long-term plan to expand to a second location thats actually near some water, so they want to start a monthly

Petty Marine CO. has a long-term plan to expand to a second location thats actually near some water, so they want to start a monthly annuity to save $160,000 in capital over 6 years. The best rate they can find id 8%. Find the monthly payment.

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