Question: A bank asks for 1 0 % APR, compounded monthly. You take a loan for $ 1 , 0 0 0 , 0 0 0

A bank asks for 10% APR, compounded monthly. You take a loan for $1,000,000 from the bank for 9 months. How much money do you owe in 9 months?
Group of answer choices
$1,100,000
$1,210,173
$1,077,549
$1,075,000

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