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You take out an amortized loan for ​$ style=”color:rgb(0,0,0);”>3,000 to be paid back over three years at an interest rate of 8.28​%. What are the monthly payments on the​ loan?  formula

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You take out an amortized loan for ​$

style=”color:rgb(0,0,0);”>3,000 to be paid back over three years at an interest rate of 8.28​%. What are the monthly payments on the​ loan?  formula

 
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