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Calculate the Monthly Payment by Using the Loan Amortization Table

Question 66

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Calculate the monthly payment by using the loan amortization table:
 Loan $8,500 Down Payment $2,000 Time 48 months  Rate 10.5%\begin{array} { l l } \text { Loan } & \$ 8,500 \\\text { Down Payment } & \$ 2,000 \\\text { Time } & 48 \text { months } \\\text { Rate } & 10.5 \%\end{array}

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