vanessageorges8410 vanessageorges8410

10-01-2024
Mathematics

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Poor Dog, Inc. borrowed $135,000 from the bank today. They must repay this money over the next six years by making monthly payments of $2,215.10. What is the interest rate on the loan?

A) 4.5%
B) 5.0%
C) 5.5%
D) 6.0%

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