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Rahul decides to take a loan of $12,000 from a bank. He signs the loan contract at 4.8% compounded monthly for 3 years. What is

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Rahul decides to take a loan of $12,000 from a bank. He signs the loan contract at 4.8% compounded monthly for 3 years. What is the total amount that Rahul owes the bank at the end of the loan's term? Select one: a. $12,144.58 b. $13,812.27 O c. $13,854.63 O d. $64,891.44

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