Rebecca borrowed $20 400 from her local credit union to pay for the upgrades in her kitchen. She wants to pay the loan with monthly payments over a period of 3 years. What is the interest included in the tenth payment, if the rate charged by the credit union is 6% monthly?
A) $78.19
B) $5698.49
C) $21 336.56
D) $15 638.09
E) $75.48
Correct Answer:
Verified
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