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QUESTION
1. Gus has 3 years to repay a $85000 personal loan at 7.35% per year, compounded monthly. [5] a. Calculate the monthly payment using the appropriate formula.
1. Gus has 3 years to repay a $85000 personal loan at 7.35% per year, compounded monthly. [5] a. Calculate the monthly payment using the appropriate formula.
