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The term of the loan is 60 months and an interest rate of 4

A man wants to purchase a new lawn mower for $5,000 with a $500 initial deposit. The term of the loan is 60 months and an interest rate of 4%. What would the minimum payment be? Assuming he makes the minimum payments, how much would he pay at the end of the 60-month term?

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Basic Computer Science: The term of the loan is 60 months and an interest rate of 4

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