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a A loan of $105,490 60 is to be amortized over a 5-year term at 12% interest compounded monthly with monthly payments and a $30,000

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a A loan of $105,490 60 is to be amortized over a 5-year term at 12% interest compounded monthly with monthly payments and a $30,000 balloon payment at the end of the term. Calculate the monthly payment CE The monthly payment is 5 (Do not round until the final answer. Then round to two decimal places as needed)

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