Max's Kennels spent $220,000 to refurbish its current facility.The firm borrowed 60 percent of the refurbishment cost at 5.95 percent interest for six years.What is the amount of each monthly payment?
A) $1,985.25
B) $2,205.36
C) $2,356.23
D) $2,184.51
E) $1,895.32
Correct Answer:
Verified
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