Solved: The interest rate on this financing option is 2300 with, Business Economics

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The interest rate on this financing option is 2300 with

Your auto insurance premium of $2100 is due today. You insurance company is giving you the "easy financing" option of making 12 monthly payments, with the 1st payment starting today. The interest rate on this financing option is 23.00% with monthly compounding. What's the monthly payment amount?

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Business Economics: The interest rate on this financing option is 2300 with

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Business Economics: The interest rate on this financing option is 2300 with

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