Using the 'Loan Calculator' on GraphCalc, determine the monthly payment for a $25,000 loan at a 5% annual interest rate over a 3-year term. Provide the calculated monthly payment.
Navigate to 'https://www.graphcalc.com/' Click on the 'Financial Calculators' link. On the 'Financial Calculators' page, locate and click the 'Loan Calculator' link under the 'Loan Calculators' heading. Input '25000' into the 'Loan Amount' field. Input '5' into the 'Annual Interest Rate' field. Input '3' into the 'Number of Years' field. Trigger the calculation (e.g., by clicking a 'Calculate' button or similar). Identify and state the calculated monthly payment.
Successfully navigate to the 'Loan Calculator' page. Correctly input $25,000 for the Loan Amount. Correctly input 5% for the Annual Interest Rate. Correctly input 3 years for the Number of Years. State the exact calculated monthly payment.