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You need to borrow $18,000 to buy a truck. The current loan rate is 10% compounded monthly and you want to pay the loan off

You need to borrow $18,000 to buy a truck. The current loan rate is 10% compounded monthly and you want to pay the loan off in equal monthly payments over five years. What is the size of your monthly payment? Select one: a. $374.04 b. $382.45 c. $455.66 d. $381.56 e. $363.39

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