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FIN220 Bank offers you a 7-year loan for 700,000 Baht at an annual interest rate of 7 percent, compounded monthly. What will your monthly loan

FIN220 Bank offers you a 7-year loan for 700,000 Baht at an annual interest rate of 7 percent, compounded monthly. What will your monthly loan payment be?

(No need for the detailed process of solving the problem, just only answer) thank you so much

		5,833.33
		129,887.25
		100,000.00
		10,564.88

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