Question 27 (4 points) Your auto insurance premium of $2500 is due today. You insurance...
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Question 27 (4 points) Your auto insurance premium of $2500 is due today. You insurance company is giving you the "easy financing" option of making 12 monthly payments, with the 1st payment starting today. The interest rate on this financing option is 16.00% with monthly compounding. What's the monthly payment amount? Question 27 (4 points) Your auto insurance premium of $2500 is due today. You insurance company is giving you the "easy financing" option of making 12 monthly payments, with the 1st payment starting today. The interest rate on this financing option is 16.00% with monthly compounding. What's the monthly payment amount
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