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Jen & Barry's Fast Fresh Salad Bags starts with $320,000 invested. Jen and Barry pay 20% down and finance the balance with a 20-year small
"Jen & Barry's Fast Fresh Salad Bags" starts with $320,000 invested. Jen and Barry pay 20% down and finance the balance with a 20-year small business loan at 4.5% compounded monthly. What is the amount of their monthly loan payment to amortize the loan?
A. $1627.89
B. $1661.33
C. $1611.30
D. $1619.58
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