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August 22, 2014

Homework Help: Monthly payment-Math

Posted by HM on Friday, October 14, 2011 at 7:18pm.

Okay here is my question

two guys buy a new room for $10,000
down payment: $1000
and they want to pay whatever they owe in 30 monthly payments..

find the amount of the monthly payment at 10% add on interest.


I keep getting 330..
but the answer is 375.

I dont understand :/

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