Business
Business, 20.09.2019 01:10, novesparks

Find the monthly interest payment in the situation below. assume that monthly interest rates are one twelfth of annual interest rates. vic bought a new plasma tv for $1900. he made a down payment of $600 and then financed the balance through the store. unfortunately, he was unable to make the first monthly payment and now pays 6% interest per month on the balance (while he watches his tv). what is vic's monthly interest payment?

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