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After a long confinement period, you are looking for a tour around the world. To finance your dream, the bank Take It For Granted offers

After a long confinement period, you are looking for a tour around the world. To finance your dream, the bank Take It For Granted offers you a $58,600 loan in the form of a 60-month fixed payment at an annual rate of 5.2%.

(a)Compute what the monthly payment will be.

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