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7. A loan for $150,000 is payable at $2,500 per month at 7% interest. What is the interest only payment for the 8th month? a.

7. A loan for $150,000 is payable at $2,500 per month at 7% interest. What is the interest only payment for the 8th month? a. $758.33 b. $772.91 c. $860.00 2300732500

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