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Loan amortization table (monthly payment per $1,000 to pay principal and interest on installment loan) Troy Juth wants to purchase new dive equipment for Underwater

image text in transcribedimage text in transcribed Loan amortization table (monthly payment per $1,000 to pay principal and interest on installment loan) Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in Colorado Springs. He was offered a $79,000 loan at 9% for 24 months. What is his monthly payment by table lookup? (Use Table 14.2) Note: Round your answer to the nearest cent

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