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Business, 04.05.2021 15:30 iamsecond235p318rq

Grace takes out a 48-month loan for $20,000. At a 1.5% Interest rate, what is her monthly payment? amortization formula:
A= P x r(1+r)^n / (1+r)^n-1

a: $385
b: $430
c: $444
d: $480

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Grace takes out a 48-month loan for $20,000. At a 1.5% Interest rate, what is her monthly payment?...
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