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a. If Dave had borrowed $440 for one year at an APR of 7 percent, compounded monthly, what would have been his monthly loan payment?

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a. If Dave had borrowed $440 for one year at an APR of 7 percent, compounded monthly, what would have been his monthly loan payment? Use (Do not round your intermediate calculations. Round your final answer to 2 decimal places. Omit the "\$" sign in your response.) PMT $ b. What would have been the breakdown between interest and principal of the fifth payment? Use (Do not round your

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