When Cecilia’s car needs a new transmission, she’s stuck with a bill for  $1524 . The dealership offers her an  18 -month loan at  14.5%  interest to be repaid in  18  equal installments. Find the monthly payment. Round your intermediate steps to the nearest cent.     The monthly payment is  $

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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When Cecilia’s car needs a new transmission, she’s stuck with a bill for 

$1524
. The dealership offers her an 
18
-month loan at 
14.5%
 interest to be repaid in 
18
 equal installments. Find the monthly payment. Round your intermediate steps to the nearest cent.

 

 
The monthly payment is 
$
.
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