Question: Using the simple interest method, find the monthly payments on a $5,500 installment loan if the funds are borrowed for 30 months at an annual

Using the simple interest method, find the monthly payments on a $5,500 installment loan if the funds are borrowed for 30 months at an annual interest rate of 14% Use financial calculator to answer the question. Round the answer to the nearest cent.

$______ per month

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