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Question 14 (1 point) Andrea takes out a $180,000 loan at a rate of 9.75% per annum, compounded monthly. The loan will be advanced on

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Question 14 (1 point) Andrea takes out a $180,000 loan at a rate of 9.75% per annum, compounded monthly. The loan will be advanced on January 12. The first monthly payment is due March 1. What is the interest adjustment payment on February 1? $988.59 $975.25 $960.31 $950.33

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