Points$]$

TANFIN$125\mathrm{.}3\mathrm{.}008$

Find the periodic payment $R$ required to amortize a loan of $P$ dollars over $t$ years with interest charged at the rate of $r\frac{\%}{?}$ year compounded $m$ times a year. $($Round your answer to the nearest cent.$)$

$,P=110,000,r=5\mathrm{.}5,t=26,m=2$

$$,x$

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