Business, 16.06.2021 18:20 dbn4everloved

You are considering purchasing a piece of industrial equipment that costs 30000. You decide to make a down payment in the amount of 5000 and to borrow the remainder from a local bnak at an interest rate of 9% compounded monthly, which is to be paid for 36 monthly installments. The amount of the monthly payment is nearest to: a. $954
b. $833
c. S795
d. $694

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