You just obtained a loan of $19,000 with monthly payments for four years at 6.06...
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Finance
You just obtained a loan of $19,000 with monthly payments for four years at 6.06 percent interest, compounded monthly. What is the amount of each payment?
(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Note: It is highly recommended to use Excel (or Google Sheets) or a financial calculator to solve this problem.
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