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Suppose I need to borrow $1,581 from my neighbor The Saver. The Saver charges 179% simple annual interest rate and I have to pay the

Suppose I need to borrow $1,581 from my neighbor The Saver. The Saver charges 179% simple annual interest rate and I have to pay the principal plus interest off in 16 equal monthly payments. How much will be the monthly payment amount? Round answer to two digits after the decimal point.

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