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Suppose that you just borrowed a 5-year loan from Bank 3610-ETRA. The bank charges an interest rate (annual percentage rate) of 5.7%, with monthly compounding.

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Suppose that you just borrowed a 5-year loan from Bank 3610-ETRA. The bank charges an interest rate (annual percentage rate) of 5.7%, with monthly compounding. You're required to pay back $335 every month during the following 5 years. Please calculate the value of the loan that you just borrowed from the bank Multiple Choice $18.035.51 $23.193.64 $17.453.72 $17,201.63 O $16.581.04

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