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You need to borrow $18,500 to buy a truck. The current loan rate is 11% compounded monthly and you want to pay the loan off

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You need to borrow $18,500 to buy a truck. The current loan rate is 11% 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: o a. $391.36 b. $402.23 c. $455.66 d. $381.56 e. $374.04 Clear my choice

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