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Given a loan amount P, an annual interest rate r and the length of the loan in years, find the monthly payment R necessary to

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Given a loan amount P, an annual interest rate r and the length of the loan in years, find the monthly payment R necessary to pay off the loan by completing parts a through c. Represent the number of monthly payments by n Amount Rate Time $160,000 8% 15 years n a. Calculate P 1 + 12 and call this number A. A = (Round to two decimal places as needed.)

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