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Toni Torres wants to save $1,300 in the next two years to use as a down payment on a new car. If her bank offers
Toni Torres wants to save $1,300 in the next two years to use as a down payment on a new car. If her bank offers her 7% interest, what monthly payment would she need to make into an ordinary annuity to reach her goal?
Find the following loan information on simple interest:
$155,000 for 9 1/2% interest for 30 years
What is the monthly payment?
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