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22 You borrow $15,000 from a bank and plan to repay the loan in 48 equal monthly installments. If the bank charges 18 percent annual

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You borrow $15,000 from a bank and plan to repay the loan in 48 equal monthly installments. If the bank charges 18 percent annual interest on the loan, what monthly payment will be required? $440.62 $525.63 $4:9.50 $40385 $548.52

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