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A loan of $35,000 will be paid off by the amortization method over thirteen years. Payments will be made at the end of each month

A loan of $35,000 will be paid off by the amortization method over thirteen years. Payments will be made at the end of each month for the thirteen year period. The interest rate is 9% compounded monthly. Find the size of the monthly payment required to pay off the loan.

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