Question: Please help me as soon as possible, Please help me as soon as possible, Please help me as soon as possible, Please help me as

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Monica borrowed $5,000 and agreed to pay back the loan with monthly payments over 2 years at 3% compounded monthly.

1- Calculate her monthly payment (rounded up to the next cent)?

2- How much principal did Monica repay during the first year of the loan?

3- How much interest did Monica repay during the first year of the loan?

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