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Question 4 0.4 pts Emma Li borrowed $3,500 to consolidate her debts. Since Emma had an excellent credit rating, she was able to borrow at

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Question 4 0.4 pts Emma Li borrowed $3,500 to consolidate her debts. Since Emma had an excellent credit rating, she was able to borrow at a 12% effective annual rate. Emma is required to make monthly payments. Emma will make equal payments for the next 36 months. Which one of the following values is closest to her monthly payments? $121 $115 O $122 $123

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