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Refer to page 27. Read Examples: Computing Basic Loan Payments. a Now please use a financial calculator to solve the following question: The APR of

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Refer to page 27. Read "Examples: Computing Basic Loan Payments". a Now please use a financial calculator to solve the following question: The APR of a loan is 5.2%. The customer needs to make 5 payments each year. The loan must be paid off in 11 years. Suppose the principal of the loan is $87,078. The payment in each period is $___

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