An individual is considering the purchase of a used automobile. The total price is $6200 with...
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An individual is considering the purchase of a used automobile. The total price is $6200 with $1240 as a downpayment and the balance paid in 48 equal monthly payments with interest at 1% per month. The payments are due at the end of each month. Compute the monthly payment. An individual is considering the purchase of a used automobile. The total price is $6200 with $1240 as a downpayment and the balance paid in 48 equal monthly payments with interest at 1% per month. The payments are due at the end of each month. Compute the monthly payment.
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