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

Determine the monthly payment for the installment loan. Amount Annual Percentage Number of Financed (P) Rate (r) Payments per Time in Year (n) Years (t) $700 7.5% 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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