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How much is your loan payment based on the following: Time - 5 years Interest Rate - 5.8% Principle Balance - $28,000 Assume the interest

How much is your loan payment based on the following:

Time - 5 years

Interest Rate - 5.8%

Principle Balance - $28,000

Assume the interest rate is an APR. If needed, the discount rate is 4.2%.

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