Texas Foods has a loan that requires one lump sum payment at the end of 12 years in the amount of $139,000.The interest rate is 5.8 percent,compounded monthly.What amount did the firm borrow?
A) $75,209.79
B) $69,418.30
C) $82,706.63
D) $84,613.03
E) $72,461.16
Correct Answer:
Verified
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