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DO NOT RESPOND WITH PROGRAMS; SHOW METHOD, IF YOU ANSWER IT WITH A PROGRAM I WILL REPORT YOU A company obtains a loan of $

image text in transcribed DO NOT RESPOND WITH PROGRAMS; SHOW METHOD, IF YOU ANSWER IT WITH A PROGRAM I WILL REPORT YOU 
A company obtains a loan of $ 500,000.00, to be paid in 3 years with monthly income, if an interest rate of 18% effective per year is used. How much will the monthly income be

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