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XYZ ConstructionInc. wants to purchase a new pick - up truck. the price for the new truck is $ 4 6 , 9 7 2

XYZ ConstructionInc. wants to purchase a new pick

-

up truck. the price for the new truck is $

46, 972 .

The dealer allows XYZ to trade

-

in the old truck for $

6, 962 .

XYZ can payback the reamining balance through a

4 -

year payment plan. Given the agreed rate is

3 %

How much is the monthly payment?

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