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You have borrowed $20,000 at 0.45% interest per month. The loan requires equal installments to be paid at the end of each month over a

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You have borrowed $20,000 at 0.45% interest per month. The loan requires equal installments to be paid at the end of each month over a period of five years. What is the amount of each monthly installment? $379.39 $381.10 $432.32 $405.00 $391.34

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