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2 What monthly payment is required to pay off a $59,000 loan in eight years if the interest rate on the loan is 8.4% compounded: (Do not round intermediate calculations and round your final answers to 2 decimal places.) Required payment a . Annually 836.85 01:09:57 b. Semiannually 841.78 c. Quarterly 844.35 d. Monthly 846.11