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joe buys a new stereo for $875 and pays for it over two years with 6.5% simple interest. what is his monthly payment?
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3 votes
joe buys a new stereo for $875 and pays for it over two years with 6.5% simple interest. what is his monthly payment?

User Ifeomaro
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7.9k points

1 Answer

6 votes
$38.83 should be your monthly payment.
User Hardanger
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8.8k points
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