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Mathematics, 24.02.2021 22:40 KillerSteamcar

Find the monthly interest payment in the situation below. Assume that monthly interest rates are 1/12 of annual interest rates. Vic bought a new plasma TV for ​$1900.
He made a down payment of ​$200 and then financed the balance through the store.​ Unfortunately, he was unable to make the first monthly payment and now pays

4% interest per month on the balance​ (while he watches his​ TV).

what is vic's monthly interest payment?​

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Answers: 3

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