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undefined The total interest paid on a 3-year loan at 9% interest compounded monthly is $1491.34. Determine the monthly payment for the loan. (Hint: Use

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The total interest paid on a 3-year loan at 9% interest compounded monthly is $1491.34. Determine the monthly payment for the loan. (Hint: Use the fact that the loan amount equals 36.R-[total interest].) The monthly payment for the 3-year loan is $ (Round to the nearest cent as needed.)

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