Q) You borrow $85,000. You make monthly repayments over the next three years at a monthly...
Q) You borrow $85,000. You make monthly repayments over the next three years at a monthly interest rate of 3%. What is the amount of each monthly repayment?
a. $30,050.08
b. $1,343.32
c. $3,893.32
d. $2,361.11
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