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you are offered a line of credit that requires a minimum 3% repayment of principle each month at an interest rate of 3.6% compounded monthly

you are offered a line of credit that requires a minimum 3% repayment of principle each month at an interest rate of 3.6% compounded monthly . if you draw down 15000$ on the line, what will be the second month's payment

b-450

c-480

d-470

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