Purchase Solution

# Buying a computer directly from manufacturer for \$3,067.

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If you buy a computer directly from the manufacturer for \$3,067 and agree to repay it in 60 equal installments at 1.99% interest per month on the unpaid balance, how much are your monthly payments?

How much total interest will be paid?

The total interest paid is ________?

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This solution is comprised of a detailed explanation to answer how much total interest will be paid.

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Buying a computer directly from manufacturer for \$3,067.
If you buy a computer directly from the manufacturer for \$3,067 and agree to repay it in 60 equal installments at 1.99% interest per month on the unpaid balance, how much are ...

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