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Laurier Inc. has borrowed $ 84000 from its bank. The annual interest rate on the loan is 48% compounded monthly and the loan is to

Laurier Inc. has borrowed $ 84000 from its bank. The annual interest rate on the loan is 48% compounded monthly and the loan is to be paid back in 9 equal monthly payments.

Calculate the amount of the required monthly loan payments. Round your answer to the nearest dollar.

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