Acme Steamer purchased a new pump for $75,000. They borrowed the money for the pump from the bank at an interest rate of 0.5% per month and will make a total of 24 equal, monthly payments. How much will Acme’s monthly payments be?
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Acme Steamer purchased a new pump for $75,000. They borrowed the money for the pump from the bank at an interest rate of 0.5% per month and will make a total of 24 equal, monthly payments. How much will Acme’s monthly payments be?
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