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Determine the monthly payment for the installment loan. Annual Number of Amount Percentage Payments per Time in Financed (P) Rate (0) Years (0) $16.000 5%

Determine the monthly payment for the installment loan. Annual Number of Amount Percentage Payments per Time in Financed (P) Rate (0) Years (0) $16.000 5% 12 4 Year (n) The monthly payment is $| (Round to the nearest cent as needed.)

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