A small business takes out a loan for $14,000 at 7% simple interest over the course of 4 years. What is the monthly payment?
a) $291.67
b) $326.67
c) $373.33
d) $408.33
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Home » Mathematics » A small business takes out a loan for $14,000 at 7% simple interest over the course of 4 years. What is the monthly payment? a) $291.67 b) $326.67 c) $373.33 d) $408.33