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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)?

9 months ago

@sillybilly123 would you mind taking a look at this when you get a chance? I’m not familiar w/ the formula used in this type of calculation

9 months ago
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