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You spent $2,588 on Christmas gifts and put the purchases on your credit card. Your credit card has a 16.84% APR compounded monthly. If you

You spent $2,588 on Christmas gifts and put the purchases on your credit card. Your credit

card has a 16.84% APR compounded monthly. If you want to pay off your credit card balance

in 15 months, the first payment next month, how big are the monthly payments?

Calculate your answer to two decimal places (e.g. 55.93)

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