A logo design company purchases four new computers for $13,500. The company fina

December 29, 2024

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A logo design company purchases four new computers for $13,500. The company finances the cost of the computers for 3 years at an annual interest rate of 4.125% compounded monthly. Find the monthly payment (in dollars) for this loan. (Round your answer to the nearest cent. See Example 8 in this section.)

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