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Suppose you want to buy new furniture that costs $1550. You decide to finance the furniture for 24 months at an APR of 12.5%. Find
Suppose you want to buy new furniture that costs $1550. You decide to finance the furniture for 24 months at an APR of 12.5%. Find your monthly payment.
a.
$64.67
b.
$73.33
c.
$138.08
d.
$177.96
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