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You bought a television for $1000 using an installment plan. You plan to pay it off in two years. How much in monthly payments (end

You bought a television for $1000 using an installment plan. You plan to pay it off in two years. How much in monthly payments (end of each month) would it take to pay off, if the interest rate is 6%?

a.

$52
b.

$48.70
c.

$40.10
d.

$44.32

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