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Salvador & Lauren purchased an item valued at $224,000. They paid $22.400 down and financed the rest at 3.1% compounded monthly. To reduce the amount

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Salvador & Lauren purchased an item valued at $224,000. They paid $22.400 down and financed the rest at 3.1% compounded monthly. To reduce the amount owing to $57.770 at the end of 6 years, what size of equal payments must Salvador & Lauren make at the end of each three months? Enter the present value as a positive value in the PV box below. Enter PMT and FV as positive or negative values based on PV being positive. Report PMT accurate to the nearest cent. P/Y = C/Y = N = 1/Y = PV = $ PMT = $ FV = 5

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