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Use an annual percentage rate table to solve the problem. A cattle rancher needs to construct a new silo in which to store cattle feed.

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Use an annual percentage rate table to solve the problem. A cattle rancher needs to construct a new silo in which to store cattle feed. The silo will cost $4000. The rancher pays 20% as a down payment and finances the balance for 60 months at an APR of 7.50%. Determine the ranchers total finance charge and monthly payment

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