If you buy a computer directly from the manufacturer for $2,241 and agree to repay it in 48equal installments at 1.7% interest per month on the unpaid balance, how much are your monthly payments?
A $154,600 mortgage for 15 years for a new home is obtained at the rate of 9.7% compounded monthly. Find (a) the monthly payment, (b) the interest in the first payment, (c) the principal repaid in the first payment, and (d) the finance charge
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