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Question 7 5 pts Find the monthly payment to retire a $7500 loan over 3 years, that requires monthly payments at 4% annual interest, compounded

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Question 7 5 pts Find the monthly payment to retire a $7500 loan over 3 years, that requires monthly payments at 4% annual interest, compounded monthly. Choose the formula that best represents this scenario. 7500 = 1 - ( 109) -36 () -P 36 A = 7500(1+0) 7500 = 1 - (1 +.04) (.04) .P PV = 1- (1+) -36 (2) 7500

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