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Calculate the Monthly Payment by Using the Loan Amortization Table

Question 63

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Calculate the monthly payment by using the loan amortization table:
 Loan $26,000 Down Payment $5,000 Time 36 months  Rate 11%\begin{array} { l l } \text { Loan } & \$ 26,000 \\\text { Down Payment } & \$ 5,000 \\\text { Time } & 36 \text { months } \\\text { Rate } & 11 \%\end{array}

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