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3 & Group 6 ) Back Question 5 Answer saved Marked out of 1 0 . 0 0 P Flag question For a $ 3

3

& Group

6)

Back

Question

5

Answer saved

Marked out of

10.00

P Flag question

For a $

30, 000

loan with a

5 %

annual interest rate compounded monthly and a loan term of

1

year.

)

What is the monthly payment?

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