Katie's Coffee Shop spent $84 000 to refurbish its current facility.The firm borrowed 80 per cent of the refurbishment cost at 9.2 per cent interest for 5 years.What is the amount of each monthly payment?
A) $1108.91
B) $1282.16
C) $1333.33
D) $1401.49
E) $1487.06
Correct Answer:
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