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Roger bought a used tractor for $9, 500. He wrote a check for $1, 500 as a down payment for The tractor and financed the
Roger bought a used tractor for $9, 500. He wrote a check for $1, 500 as a down payment for The tractor and financed the $8,000 balance. The annual percentage rate (APR) is 24% compounded monthly, and the loan is to be repaid in equal monthly installments over the next six years What is Roger s monthly car payment
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