Camerin wants a new big screen TV and home theater surround sound system, which he thinks will cost $4,670. The store will finance up to $4,170 for 2 years at a 18.50 percent interest rate. Assuming Camerin accepts the store’s financing, what will his monthly payment be? If he increases his down payment to $1,000, how much will his monthly payment be?
Assuming Camerin accepts the store’s financing, his monthly payment will be $____?
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