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You decided to take advantage of the Black Friday deals and buy kitchen cabinets at Home Depot. You will be paying for the cabinets with

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You decided to take advantage of the Black Friday deals and buy kitchen cabinets at Home Depot. You will be paying for the cabinets with a Home Depot consumer loan in the amount $7,130. To pay off the loan you will be required to make monthly payments for 4 years. The loan interest rate is 5 percent per year. Calculate the amount of each payment. O $160.03 O $164.20 $158.75 $134.13 $134.49

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