BrainPower4491 BrainPower4491

12-04-2024
Business

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A 5-year $100,000 loan with a 20-year amortization period paid monthly at 12 percent, compounded monthly, will have monthly payments of ____.
A. $2,
B. 165.07 $1,
C. 101.09 $1,
D. 214.89 $4,
E. 595.32

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