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Mathematics, 08.09.2021 20:50 kenleighbrooke67
Mercedes takes out a loan for $15,000 at a simple interest rate of 4% to be paid back in 48 monthly installments.
What is the amount of the monthly payments?
Round the answer to the nearest cent if necessary.
A. $328.50
B. $365.00
C. $360.00
D. $362.50
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Mercedes takes out a loan for $15,000 at a simple interest rate of 4% to be paid back in 48 monthly...
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