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Texas Foods has a loan that requires one lump sum payment at the end of 12 years in the amount of $139,000. The interest rate

Texas Foods has a loan that requires one lump sum payment at the end of 12 years in the amount of $139,000. The interest rate is 5.8 percent, compounded monthly. What amount did the firm borrow?

Multiple Choice:

82,706.63

84,613.03

72,461.16

69,418.30

75,209.79

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