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What monthly payment is required to pay off a $50,000 loan in seven years if the interest rate on the loan is 7.5% compounded:

What monthly payment is required to pay off a $50,000 loan in seven years if the interest rate on the loan is 7.5% compounded: (Do not round intermediate calculations and round your final answers to 2 decimal places.) Required payment a.Annually $ 766.91 b.Semiannually $ c.Quarterly $ d.Monthly $ 766.91

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