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Amount borrowed, P = 13000
Interest, i = 0.07/12 per month
number of periods (months), n = 4*12 = 48
Monthly payment,
=311.30 (to the nearest cent)
Interest, i = 0.07/12 per month
number of periods (months), n = 4*12 = 48
Monthly payment,
=311.30 (to the nearest cent)