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Determine the monthly payment for the installment loan. Annual Number of Amount Percentage Payments per Time in Financed (P) Rate (r) Years (t) $700 6%

Determine the monthly payment for the installment loan. Annual Number of Amount Percentage Payments per Time in Financed (P) Rate (r) Years (t) $700 6% 12 2 Year (n) The monthly payment is $0 (Round to the nearest cent as needed.)

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