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A $7,300 loan at 12.05% compounded monthly is to be repaid by three equal payments due 3, 6, and 12 months after the date

A $7,300 loan at 12.05% compounded monthly is to be repaid by three equal payments due 3, 6, and 12 months after the date of the loan. Calculate the size of each payment. (Do not round intermediate calculations and round your final answer to 2 decimal places Each loan payment

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