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Janae takes out a loan of 120,000 which she will repay by making monthly payments at the end of each month for 10 years. The

Janae takes out a loan of 120,000 which she will repay by making monthly payments at the end of each month for 10 years. The nominal annual interest rate is 5.8% compounded monthly. What are Janae's monthly payments? (A) 1,311 (B) 1,321 (C) 1,327 (D) 1,332 (E) 1,339

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