Question: A company borrows $ 1 0 0 , 0 0 0 today at 1 2 % nominal annual interest. The monthly payment of a 5

A company borrows $100,000 today at 12% nominal annual interest. The monthly payment of a 5- yr loan is most nearly:
A. $1,667
B. $2,200
C. $3,100
D. $12,000
A company borrows $100,000 today at 12% nominal annual interest. The

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