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You are borrowing 1 7 0 , 0 0 0 from a lender, You are asked to make monthly payments, at the end of each

You are borrowing 170,000 from a lender, You are asked to make monthly payments, at the
end of each month, for 10 years to pay off the loan. The annual interest rate is 5%. What would
be your monthly payment?
a. $1,803.11
b. $17,392.01
c. $8,524.43
d. $1.795.63
e. None of the Choices
f. $1,207.44
g. $1,542.92
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