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The FIN340 Company just borrowed $9,500 from a bank and the interest rate on this loan is 12% APR compounded monthly and requiring equal monthly

"The FIN340 Company just borrowed $9,500 from a bank and the interest rate on this loan is 12% APR compounded monthly and requiring equal monthly payments on the loan. The loan is for 6 years - Calculate the monthly payments required for this loan." $185.73 "$1,140.51 " "\$1,140.26 " "\$1,583.33 " $131.94

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