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18. MMS Corp. borrows $2,350,000 today for a new building. The loan is an equal principal payment loan with an APR of 7.62% compounded monthly.

18. MMS Corp. borrows $2,350,000 today for a new building. The loan is an equal principal payment loan with an APR of 7.62% compounded monthly. Payinents are due monthly and the term of the loan is 9 years. The current portion of debt in month 13 is closest to: (5 Pts) a. $302,650 b. $293,750 c. $288,560 d. $275,660 e. $261,111

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