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You decide to finance your new truck with a loan of $ 3 9 , 0 0 0 . The loan is to be repaid

You decide to finance your new truck with a loan of $39,000. The loan is to be repaid over 48months with monthly payments and monthly compounding. The loan has an annusla interest rate of 7.5%. How much are your monthly payments. Please show work and formula in excel.

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