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You are considering taking a loan for 10000 to be repaid in 5 years. If the interest rate on the loan is 1.5% per month,

You are considering taking a loan for 10000 to be repaid in 5 years. If the interest rate on the loan is 1.5% per month, what would be the remaining balance on the loan after the first monthly payment?

	A.	None of the other answers is correct
	B.	9746.07
	C.	9850.00
	D.	9896.07

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