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Compute what is the amount of each payment

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Reference no: EM132740536

Problem 1: You have purchased a water softener for $10 500. Your loan requires that you make payments every 3 months over the course of 48 months at an interest rate of 0.99% compounded monthly. What is the amount of each payment?

Select one:

a. $670.15
b. $232.27
c. $660.86
d. $233.20

Reference no: EM132740536

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