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Mathematics, 02.12.2021 19:20 marchellamazz123

QUESTION 7 A law firm buys a computerized word-processing system costing $10,000. If the firm pays 20% down and amortizes the rest with equal
monthly payments over 5 years at 9% compounded monthly, what will be the monthly payment?
$207.58
$166.07
$2,045.22
$1,636.18

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