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The FIN340 Company just borrowed $10,000 from a bank and the interest rate on this loan is 4% APR compounded monthly and requiring equal monthly

image text in transcribed "The FIN340 Company just borrowed $10,000 from a bank and the interest rate on this loan is 4% APR compounded monthly and requiring equal monthly payments on the loan. The loan is for 3 years - Calculate the monthly payments required for this loan." $559.49 $277.78 $295.24 "\$3,333.33 " $516.32

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