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Today, Mustafa purchased furniture for his home at a price of $15.000. He financed it with a bank loan and he will make monthly payments

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Today, Mustafa purchased furniture for his home at a price of $15.000. He financed it with a bank loan and he will make monthly payments for the next 2 years. If the interest rate is 12%, what is the amount of each monthly loan payment? a. $529.75 b. $9,875.47 c. $706.10 d. $1,042.14 e. $863.28

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