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OpenStudy (anonymous):
To borrow $2,500 at 10% annual interest for two years, what would be the monthly payment? Use M = Pm(1+m)na/((1+m)na –1). Hint m = 0.10/12, n = 2, and a = 12. A. $85.15 B. $115.40 C. $125.72 D. $138.48
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