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26: Find the periodic payment R required to amortize a loan of P dollars over t years with interest charged at the rate of r

26: Find the periodic payment R required to amortize a loan of P dollars over t years with interest charged at the rate of r%/year compounded m times a year. (Round your answer to the nearest cent.)

P = 30,000, r = 4, t = 13, m = 2

27: Find the periodic payment R required to amortize a loan of P dollars over t years with interest charged at the rate of r%/year compounded m times a year. (Round your answer to the nearest cent.)

P = 15,000, r = 3, t = 8, m = 12

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