Oscar's Kennels spent $130,000 to refurbish its current facility.The firm borrowed 70 percent of the refurbishment cost at 4.5 percent interest for five years.What is the amount of each monthly payment?
A) $1,985.25
B) $1,444.54
C) $2,423.59
D) $1,696.51
E) $1,895.32
Correct Answer:
Verified
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