How much will petra need to pay each month

Reference no: EM132152149

Question: Petra's Pumpkin Stand bought a new packaging machine for $20231 from the manufacturer. The manufacturer charges a nominal annual rate of 3% per year compounded monthly. To have the machine paid off in 4 years, how much will Petra need to pay each month? Enter your answer as follows: 12345 Round your answer. Do not use a dollar sign ("tiny_mce_markerquot;), any commas (#) or a decimal point ()

Reference no: EM132152149

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