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Susan wants to buy a paddle boat for $840. She will pay 20% down and pay the rest in six monthly installments. What will be the amount of each monthly payment?

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HomertheGenius
20 % of the price: 0.2 · 840 = $168
The rest: $840 - $168 = $672
$372 : 6 = $112
The amount of each monthly payment will be $112. 

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