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You borrow $27000 from your local credit union at 9% compounded monthly. You repay the loan by making equal monthly payments over the next four

You borrow $27000 from your local credit union at 9% compounded monthly. You repay the loan by making equal monthly payments over the next four years. How much interest is in the 23rd payment?

a)167.20

b)131.43

c)195.52

d)118.63

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