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Kerry borrows $100,000 with a five-year interest-only loan to finance a new business venture. If her interest rate is 6 percent, what is her monthly
Kerry borrows $100,000 with a five-year interest-only loan to finance a new business venture. If her interest rate is 6 percent, what is her monthly payment (rounded to the nearest dollar)? OA) $1,978 B) $6,000 O C) $500 OD) $1,933
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