Question: Financial Planning Exercise 6 Calculating monthly installment loan payments Using the simple interest method, find the monthly payments on a $5,000 installment loan if the

Financial Planning Exercise 6 Calculating monthly installment loan payments Using the simple interest method, find the monthly payments on a $5,000 installment loan if the funds are borrowed for 30 months at an annual interest rate of 13%. Use financial calculator to answer the question. Round the answer to the nearest cent. per month

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