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Suppose you can get a 24-month, 6% APR loan (monthly compounding) to buy the just released iphone 11 Pro Max, which is priced at $1,099

Suppose you can get a 24-month, 6% APR loan (monthly compounding) to buy the just released iphone 11 Pro Max, which is priced at $1,099 (suppose you do not have sales tax in your state). What will your monthly payment be?

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