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6 June, 09:45

John jacob jingleheimer schmidt buys a car that costs 21,000 he agrees to make payments at the end of each monthly period for 8 years he pays 6.25% interest compunded monthly what is the amount of each payment

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  1. 6 June, 12:44
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    21000=X[ ((1 - (0.0625/12) ^ (-12*8)) / (0.0625/12)

    Solve for x

    x=278.53
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