Find the periodic payment R required to amortize a loan of P dollars over t years with interest earned at the rate of r%/year compounded m times a year. Round your answer to the nearest cent.
P = 7,000, r = 3, t = 5, m = 4
R = $__________

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The Answer of Find the periodic payment R required to amortize a loan of P dollars over t years with interest earned at the rate of r%/year compounded m times a year. Round your answer to the nearest cent.
P = 7,000, r = 3, t = 5, m = 4
R = $__________

Find the Periodic Payment R Required to Amortize a Loan