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Emma borrows 3 0 0 0 0 dollars from a bank that charges interest at an annual rate of 5 percent, compounded monthly. Calculate the
Emma borrows dollars from a bank that charges interest at an annual rate of percent, compounded monthly. Calculate the monthly payment that Emma would have to make in order for the loan to be paid off after exactly years. Give your answer, in dollars, to the nearest cent. You should not include the dollar sign or any commas in your answer. monthly payment:
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