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Warning: Rounding in the calculation of monthly interest rates is discouraged. Such rounding can lead...

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Finance

Warning: Rounding in the calculation of monthly interest rates is discouraged. Such rounding can lead to answers different from those presented here. For long-term loans, the differences may be pronounced. Use the Estimation Rule for Short-Term Loans to estimate the monthly payment on a loan of $4500 borrowed over a two-year period. (Round your answer to the nearest cent.)

The monthly payment is at least...?

The rate wasnt given in the problem

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