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You borrow $15,000 from a bank and plan to repay the loan in 36 equal monthly installments. If the bank charges 12 percent annual interest

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You borrow $15,000 from a bank and plan to repay the loan in 36 equal monthly installments. If the bank charges 12 percent annual interest on the loan, what monthly payment will be required? $498.21 $525.63 $459.50 O $463.85 $548.52

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