Your rent of $1,500 is due today, but because of the Covid-19 pandemic you have...
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Your rent of $1,500 is due today, but because of the Covid-19 pandemic you have lost your job and cannot pay it. Your landlord offers to let you pay this month's rent as 6 equal monthly payments, starting today. If the interest rate is 5% APR compounded monthly, how big are the payments? $262.71 $252.61 $263.80 $253.66
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