How much are the monthly loan payments

Reference no: EM13295608

Liz has decided to trade in her old clunker for a shinier vehicle. She will have to borrow $3,650 in order to make the trade. The bank provides a loan that must be paid off in 18 months. The loan charges interest at the rate of .5% per month. How much are the monthly loan payments?

Reference no: EM13295608

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