You borrow $10,000 today to be repaid over 60 months. What is the monthly payment if...

You borrow $10,000 today to be repaid over 60 months. What is the monthly payment if the interest rate is 2% per month?

A. $88

B. $288

C. $305

D. $1003

Expert Solution

Option B

Rahul Sunny answered 1 year ago

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