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A restaurant company borrows $ 2 5 0 , 0 0 0 loan to buy a building for new store development. This is a 8

A restaurant company borrows $250,000 loan to buy a building for new store development. This is a 8-year loan with an interest rate of 8.4%. Mortgage payments are made at the end of each month starting a month from now. Given the information, what is the monthly loan payment on this borrowing?
Group of answer choices
$3,585.21
$4,312.45
$5,873.93
$9,234.12

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