Martin wants to buy a new bedroom set that costs $1663 including tax. Unfortunately, he doesn't have $1663, so he secures a 2-year loan from the furniture store at 14% interest to be repaid in 24 equal monthly installments. Find the monthly payment. Round your intermediate steps to the nearest cent.

The monthly payment is $ __________

Answer rating: 100% (QA)

Answer To find the monthly payment for a loan you can use the formula for the month... View the full answer