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R.J.Johnson has excellent credit. She wants to purchase a piece of equipment for her business and was offered 6% for 60 months for the $50,000

R.J.Johnson has excellent credit. She wants to purchase a piece of equipment for her business and was offered 6% for 60 months for the $50,000 unit.

What is her monthly payment by add-on method? (Round your answer to the nearest cent.)

Monthly payment

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