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15-02-2024
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A motorcycle is for sale for $26,000. The dealer is willing to sell it on the following terms: No down payment; pay $440 at the end of each of the first 4 months; pay $840 at the end of each month after that until the loan has been paid in full. At 12% annual interest rate compounded monthly, how many $840 payments will be required (n) _____.

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