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Question 8 Not yet answered Marked out of 8.00 p Flag question Today, Mustafa purchased furniture for his home at a price of $15,000. He

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Question 8 Not yet answered Marked out of 8.00 p Flag question Today, Mustafa purchased furniture for his home at a price of $15,000. He financed it with a bank loan and he will make monthly payments for the next 2 years. If the Interest rate is 12%, what is the amount of each monthly loan payment? a. $706.10 b. 5529.75 C. $9.875.47 d. 5863.26 e. $1,042.14 Next page Previous page

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