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Suppose that you're a Small Business Account Manager at BMO. Your customers, Pirre and Belle Chen, owners of C'Est Bon Authentic Chinese Cuisine*, wish to

Suppose that you're a Small Business Account Manager at BMO. Your customers, Pirre and Belle Chen, owners of C'Est Bon Authentic Chinese Cuisine*, wish to upgrade their restaurant's technology at a cost of $200,000. They wish to borrow $120,000 under CSBFP and have asked to include the CSBFP registration fee in their loan request. If the CSBFP loan is be be repaid over ten-years in monthly installments, how much of the loan's monthly principal payment would be attributed to the CSBFP registration fee? Question 12 options: The amount is indeterminable due to fluctuating interest rates $12 $20 $2,400

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