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D Question 24 4 pts You have just borrowed $12,000 from Falcon Bank to buy a new Ford. The loan is to be repaid in 50 equal monthly installments. If the stated (nominal) annual interest rate is 12%, then what is the amount of each of the monthly installments? $350.25 O $306.15 O $396.57 O $240.00 O $371.80

 

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