You take out an installment loan of $1,450.00.
The title of an Installment Loan Table is
"Monthly Payment on a Simple Interest Installment Loan of $100".
In order to use this table to determine the size of the monthly payments, you need to convert the amount of this loan to:
A) 11.5
B) 12.5
C) 13.5
D14.5
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