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Katie's Dinor Spent $113,800 to Refurbish Its Current Facility

Question 41

Multiple Choice

Katie's Dinor spent $113,800 to refurbish its current facility.The firm borrowed 65 percent of the refurbishment cost at 6.82 percent interest for six years.What is the amount of each monthly payment?


A) $1,108.91
B) $1,282.16
C) $1,333.33
D) $1,254.73
E) $1,087.06

Correct Answer:

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