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Question
A bank customer is granted credit for a $2,000 loan at 10% to be repaid in 12 equal installments. If the loan is a discount loan, what is the monthly payment?a. $200.00
b. $192.35
c. $184.20
d. $173.12
e. $166.67
Answer
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Related questions
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d. All of the above are true.
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