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What will be the amount of the last payment

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Adam bought a $1,670 sound system on a special no-interest plan. He made a $100 down payment and agreed to pay the entire purchase off in 1 year. The minimum monthly payment is $10.

Problem 1: If he makes the minimum monthly payment up until the last payment, what will be the amount of his last payment?

Reference no: EM132722135

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