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Determine the monthly payment for the installment loan. Amount Annual Percentage Number of Payments per Time in Financed (P) Rate (r) Year (n) Years

Determine the monthly payment for the installment loan. Amount Annual Percentage Number of Payments per Time in Financed (P) Rate (r) Year (n) Years (t) $850 6% 12 1 Click the icon to view the partial APR table. The monthly payment is $ (Round to the nearest cent as needed.)

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