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The APR of a loan is 3.9%. The customer needs to make 6 payments each year. The loan must be paid off in 6 years.

The APR of a loan is 3.9%. The customer needs to make 6 payments each year. The loan must be paid off in 6 years. Suppose the principal of the loan is $75,304. The payment in each period is $____ [Hints/Example)

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