Katie's Dinor spent $84,000 to refurbish its current facility.The firm borrowed 80 percent of the refurbishment cost at 9.2 percent interest for five years.What is the amount of each monthly payment?
A) $1,108.91
B) $1,282.16
C) $1,333.33
D) $1,401.49
E) $1,487.06
Correct Answer:
Verified
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