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OpenStudy (anonymous):
Carl Carpenter buys a drill press. The price, including tax, is $675.00. He finances the drill press over 24 months after making a $50 down payment. The true annual interest rate is 14%. What are Carl's monthly payments (principal plus interest)? Amount of Interest to the nearest penny, c = $ . Total of payments = amount financed + c = $ . Total of payments ÷ number of payments = monthly payment = $ .
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