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Planters, Inc. has borrowed $137.850 from its bank at an annual rate of 6.5%. It plans to repay the loan over a period of 8

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Planters, Inc. has borrowed $137.850 from its bank at an annual rate of 6.5%. It plans to repay the loan over a period of 8 years, with monthly payments. What is the monthly payment, if the first payment is made at the end of this month? (Round to the nearest dollar.) O $1,639 $1,845 O $1.740 O $1,436

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