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OpenStudy (anonymous):
Susan wants to buy a paddle boat for $840. She will pay 20% down and pay the rest in six monthly installments. What will be the amount of each monthly payment?
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OpenStudy (anonymous):
Susan will pay $168, or 20% of $840, as a down payment on her paddle boat. The remaining balance left to pay is $672 or $840 - $168. Divided into 6 equal monthly installments, each of the following payments will be $112.
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