Determine the landons monthly payment

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Reference no: EM131967808

Landon Walling is an auto mechanic who wishes to start his own business. He will need $4200 to purchase tools and equipment.

Landon decides to finance the purchase with a 36-month fixed installment loan with an APR of 6.5%.

What is Landon's monthly payment? What is Landon's finance charge?

Reference no: EM131967808

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