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1. You borrow $50,000 and will make monthly payments for 2 years at 12% Interest. How much will those payments be? a) $2,354 b) $29,584

1. You borrow $50,000 and will make monthly payments for 2 years at 12% Interest. How much will those

payments be?

a) $2,354

b) $29,584

c) $3,984

d) None of the above

please show all the steps and explain

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