The monthly payment of loan is $134.26.
What is loan?
A loan is the lending of money by one or more persons, organizations, or other entities to other individuals, organizations, or other entities in finance. The recipient incurs a debt and is typically required to pay interest on that loan until it is repaid, in addition to repaying the primary amount borrowed.
A loan is a sum of money borrowed from a lender by an individual or company. It is divided into three categories: unsecured and secured loans, conventional loans, and open-end and closed-end loans.
A loan is defined as an agreement to lend money with interest and a repayment plan. A loan is an agreement to lend you money to help you buy a house.
To know more about loan follow the link:
https://brainly.com/question/26011426
#SPJ4