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What the monthly payment for mr miller is

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Mr. Miller has some personal questions for himself. His first question runs like this: He desires to finance the purchase of a $25,000 priced vehicle through your bank. Your bank is willing to offer Mr. Miller a loan for the entire amount at 9% interest (APR) per annum. The loan is repayable in 50 equal monthly payments.

Problem 1: The monthly payment for Mr. Miller is

Reference no: EM132811132

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