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will finance the balance of the price at a 6% annual rate over 5 years ( 60 months). (Hint: Use four decimal places for the

will finance the balance of the price at a 6% annual rate over 5 years ( 60 months). (Hint: Use four decimal places for the monthly interest rate in all your calculations.) a. Assuming that Tim accepts the dealer's offer, what will his monthly (end-of-month) payment amount be? a. Tim's monthly (end-of-month) payment amount is 9 (Round to the nearest cent.)

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