Question: Pops Diner needs a new location. They plan to spend $70,000 to refurbish an old shop to create the new facility. The firm borrows 80

Pops Diner needs a new location. They plan to spend $70,000 to refurbish an old shop to create the new facility. The firm borrows 80 percent of the refurbishment cost at 6 percent interest for 10 years. What is the amount of each monthly payment? $621.71 $714.49 $816.41 $512.33

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