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The cash value of a used car is $5, 680. Mr. Prez wants to pay for it in 40 monthly installments, the first due on
The cash value of a used car is $5, 680. Mr. Prez wants to pay for it in 40 monthly installments, the first due on the day of purchase. If you are charge 15% convertible interest monthly, find the amount of the monthly payment.
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