Use a calculator for this exercise.Arrowood's Camera Store advertises a Canon Power Shot 3.34-megapixel camera for $475, including taxes. If you finance the purchase of this camera for 1 year at an annual percentage rate of 5.5%, find the monthly payment. (Round your answer to the nearest cent.)

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter17: Accounting For Notes And Interest
Section: Chapter Questions
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Use a calculator for this exercise.

Arrowood's Camera Store advertises a Canon Power Shot 3.34-megapixel camera for $475, including taxes. If you finance the purchase of this camera for 1 year at an annual percentage rate of 5.5%, find the monthly payment. (Round your answer to the nearest cent.)

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