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Jake borrows $35,000 to finance the expansion of his business. He promises to repay with the entire amount plus interst in exactly 5 years. The

Jake borrows $35,000 to finance the expansion of his business. He promises to repay with the entire amount plus interst in exactly 5 years. The annual interest rate is 7.5%. What is the amount of Jake's monthly payments?

please solve using excel

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