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A company borrowed $250,000 from a bank at an annual percentage rate of 6% with monthly payments for 3 years. The monthly payment in

A company borrowed $250,000 from a bank at an annual percentage rate of 6% with monthly payments for 3 years. The monthly payment in this case is a. $7,048.58 b. $7,291.20 c. $7,360.64 d. $15,105.74

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