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Luke Company purchased a large server for $ 1 8 , 0 0 0 . The company paid 2 1 . 0 0 % of

Luke Company purchased a large server for $18,000. The company paid 21.00% of the value as a down-payment and received a loan for the balance at 5.25% compounded monthly. The loan has a term of 5 years and Quang Company has to make month-end payments to settle the loan. What was the total amount paid to settle the loan?
Question 7 options:
$256.31
$16198.84
$13,500
$16128.28

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