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You buy a computer directly from the manufacturer for $1,400 and agree to repay it in 12 equal installments at 6% interest compounded monthly on

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You buy a computer directly from the manufacturer for $1,400 and agree to repay it in 12 equal installments at 6% interest compounded monthly on the unpaid balance. (a) How much are your monthly payments? $168.98 x (b) How much total interest will be paid? $ 603.88 X

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