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Bank Monash quotes the interest rate on loans as 8% per annum continuously compounded. The interest is paid monthly on a $7487 loan. What is

Bank Monash quotes the interest rate on loans as 8% per annum continuously compounded. The interest is paid monthly on a $7487 loan. What is the interest payment (in $) of this loan per month? Select the most suitable answer. a. 600.96 b. 50.08 c. 43.98 d. 37.53 e. 151.25

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