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. Ms. Geneseo wants to borrow $17,650,000. The Girard State Bank requires the loan to be repaid in equal installments, paid at the end of
. Ms. Geneseo wants to borrow $17,650,000. The Girard State Bank requires the loan to be repaid in equal installments, paid at the end of each month for 24 years. If the interest rate is presented as an annual percentage rate (APR) of 7.2%, what is the amount of each monthly payment? (Be sure to carry computations out several decimal places for accuracy.) A. $128,150.87 B. $126,381.79 C. $23,019.78 D. $130,500.04 E. $128,919.78
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