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Your bank has agreed to loan you $78,600.00 for four (4) years to buy a truck for your business. The loan must be repaid in

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Your bank has agreed to loan you $78,600.00 for four (4) years to buy a truck for your business. The loan must be repaid in equal monthly payments. The annual interest rate on the loan is 13.2 percent. What is the monthly payment? $2.675.15 $1.909.24 $3,095.05 $2.116.45

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