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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

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 $499.50 $403.85 $548.52

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