Question: A school realizes that they need a new copy machine for their main office.The copy machine costs $4,500.After speaking with the financial advisor, they decide

A school realizes that they need a new copy machine for their main office.The copy machine costs $4,500.After speaking with the financial advisor, they decide to pay 15% of the cost of the machine in cash and finance the rest through their credit union.How much is their monthly payment if the credit union will charge 4% per year compounded monthly for 2 years?

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