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Use the following formula to answer the question. P(1)(1+ )* . () (1+) 129_1 z What is the monthly payment for a 8 year $23,392

Use the following formula to answer the question. P(1)(1+ )* . () (1+) 129_1 z What is the monthly payment for a 8 year $23,392 loan with an APR of 6.5%? Round your answer to the nearest cent. Do not include a dollar sign in your

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