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Mike borrowed $15,000 to purchase new tools for his business and financed the purchase over 6 years at 6% with monthly payments. What is his

Mike borrowed $15,000 to purchase new tools for his business and financed the purchase over 6 years at 6% with monthly payments. What is his monthly payment?

A $231.99

B $306.88

C $279.85

D $248.59

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