You need to borrow 18000 to buy a truck the current loan, Financial Management

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You need to borrow 18000 to buy a truck the current loan

You need to borrow $18,000 to buy a truck. The current loan rate is 9.9% compounded monthly and you want to pay the loan off in equal monthly payments over five years. What is the size of your monthly payment? a)$374.04 b)$455.66 c)$381.56 d)$394.69 e)$363.39

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Financial Management: You need to borrow 18000 to buy a truck the current loan

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Financial Management: You need to borrow 18000 to buy a truck the current loan

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