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Your favorite cousin bought a brand new couch during the holidays and decided to finance the purchase $2,800. She signed a contract for a 2
Your favorite cousin bought a brand new couch during the holidays and decided to finance the purchase $2,800. She signed a contract for a 2 year loan, which compounds daily at 24.9%. What is the monthly payment that she can expect to make? (Select the closest number)
a.$4.87
b.$116.67
c.$146.10
d. $236.54
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