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A $55,000 loan is taken out on a boat with the terms 3% APR for 36 months. How much are the monthly payments on this

A $55,000 loan is taken out on a boat with the terms 3% APR for 36 months. How much are the monthly payments on this loan?

A.

$1,936.86

B.

$1,614.05

C.

$1,775.46

D.

$ 2,098.27

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