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You borrow $80,000. You make monthly repayments over the next three years at a monthly interest rate of 3%. What is the amount of each

You borrow $80,000. You make monthly repayments over the next three years at a monthly interest rate of 3%. What is the amount of each monthly repayment?

a) $3,664.30

b) $28,282.43

c) $2,326.50

d) $26,800.11

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