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A $ 5 5 , 0 0 0 loan is taken out on a boat with the terms 1 2 % APR for 3 6

A $55,000 loan is taken out on a boat with the terms 12% APR for 36 months. How much are the monthly payments on this loan?
A. $1,826.79
B. $2,009.47
C. $2,192.14
D. $2,374.82
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