Question: Suppose I need to borrow $ 1 , 2 0 2 from my neighbor The Saver. The Saver charges 1 9 9 % simple annual

Suppose I need to borrow $1,202 from my neighbor The Saver. The Saver charges 199% simple annual interest rate and I have to pay the principal plus interest off in 19 equal monthly payments. How much will be the monthly payment amount? Round answer to two digits after the decimal point.
Suppose I need to borrow $1,202 from my neighbor The Saver.

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