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Solve the Problem. -An Item Is Purchased for $5200 with a Down Payment

Question 23

Multiple Choice

Solve the problem.
-An item is purchased for $5200 with a down payment of $1000. There is a finance charge of $1100. Find the monthly payment if 36 payments are made.


A) $115.67
B) $175
C) $147.22
D) None of the above is correct.

Correct Answer:

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