In order to purchase another truck, Beatty Transport recently obtained a $50,000 loan for five years at

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In order to purchase another truck, Beatty Transport recently obtained a $50,000 loan for five years at 5.8% compounded semiannually. The loan is structured to reduce the balance owing to $10,000 at the end of the five-year period. How much are Beatty's end-of-month loan payments?

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