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Calculate the Monthly Payment Using the Monthly Payment Plan Outlined

Question 27

Multiple Choice

Calculate the monthly payment using the monthly payment plan outlined: Total charge = $3500,minus the down payment of ¹/₃of the total charge,with the balance of charges divided into 6 monthly payments.


A) $565.83 per month
B) $583.33 per month
C) $389.17 per month
D) $390.84 per month

Correct Answer:

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