Question: An item costs $ 4 0 0 0 . It can be purchased by making monthly payments for 4 years with the first payment made

An item costs $4000. It can be purchased by making monthly payments for 4 years with the first payment made immediately. If the interest charged is 9% compounded monthly, find the size of the monthly payments rounded up to the next cent.
An item costs $4000. It can be purchased by making monthly

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