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Emily is buying a new table for $1700. The dealer is charging her an annual interest rate of 10.7%. If she pays off the

 

Emily is buying a new table for $1700. The dealer is charging her an annual interest rate of 10.7%. If she pays off the loan in 36 months, what are her monthly payments? If she makes a down payment of $ 200, how much will her monthly payments be?

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To calculate Emilys monthly payments we can use the formula for the monthly payment of a loan which ... blur-text-image

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