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Find the periodic payment R required to amortize a loan of P dollars over t yr with interest charged at the rate of r %/year

Find the periodic payment R required to amortize a loan of P dollars over t yr with interest charged at the rate of r%/year compounded m times a year. (Round your answer to the nearest cent.)

P = 40,000, r = 4, t = 14, m = 6

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