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Calculating monthly installment loan payments

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Reference no: EM132492312

Question 1: Calculating monthly installment loan payments

Question 2: Using the simple interest method, find the monthly payments on a $4,500 installment loan if the funds are borrowed for 24 months at an annual interest rate of 9%. Use financial calculator to answer the question. Round the answer to the nearest cent.

Reference no: EM132492312

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