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24 August, 17:49

Calculate the monthly payment for a loan of $7,500 with an 11% interest rate compounded monthly over a period of 5 years.

a. $128.46

b. $163.07

c. $858.18

d. $1541.50

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Answers (1)
  1. 24 August, 18:34
    0
    B is the correct answer to the problem.
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