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What is the MONTHLY payment on a S61 thousand, 26-year amortzed loan Assume the loan has a 45% APR. HINT Make the adjustments to convert

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What is the MONTHLY payment on a S61 thousand, 26-year amortzed loan Assume the loan has a 45% APR. HINT Make the adjustments to convert (1) the APR into a monthly periodic rate, and (2) ' N into the number of months Enter your answer as a number with two places of precision (1. 1.100.54) Do not use commas of the dollar sign Do not enter your answer as a negafive number

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