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You borrow $20,000 from a bank to be repaid in monthly installments for 3 years at 9% interest compounded monthly. What is the portion of

You borrow $20,000 from a bank to be repaid in monthly installments for 3 years at 9% interest compounded monthly. What is the portion of interest for the 18th payment? a. $75.41 $84.17 C. $88.28 d. $150

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