How much will blooper receive each month

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Reference no: EM131197882

Football coach Ira Blooper has just been fired as head coach at a large university. His buyout amount is $7.5 million, and Blooper will be repaid (as per his contract) in monthly installments over the next 4 years. If the interest rate is 1% per month, how much will Blooper receive each month?

Reference no: EM131197882

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