SOLUTION: You are going to purchase a new sofa for your apartment; the total cost is $1578. You will pay $132 down and pay the rest in monthly installments (interest free) over a period of t
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Question 1203071: You are going to purchase a new sofa for your apartment; the total cost is $1578. You will pay $132 down and pay the rest in monthly installments (interest free) over a period of two years. What will be the monthly payment? $________
Round to 2 decimal places
Answer by ikleyn(52781) (Show Source): You can put this solution on YOUR website!
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a TWIN problem was just solved today (one hour ago) under this link
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https://www.algebra.com/algebra/homework/Finance/Finance.faq.question.1203066.html
Consider this solution as your TEMPLATE and solve the current problem in the same way.
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