You have just obtained a 5-year pure discount loan in the amount of $75,000 at 6.28 percent interest,compounded monthly.What total amount will you have to repay?
A) $102,582.70
B) $87,370.00
C) $84,219.16
D) $105,260.13
E) $96,100.84
Correct Answer:
Verified
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