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Mathematics 20 Online
OpenStudy (anonymous):

Jen buys a motorcycle for $11,000. The dealer is charging her an annual interest rate of 10.75% and is using the add-on method to compute monthly payments. If she pays off the loan in 84 months, what are her monthly payments? If she makes a down payment of $2,000, how much will her monthly payments be? Do not round until the final answer. Then, round to the nearest cent.

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