Rebecca borrowed $20400 from her local credit union to pay for the upgrades in her kitchen. She

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Question:

Rebecca borrowed $20400 from her local credit union to pay for the upgrades in her kitchen. She wants to pay the loan with monthly payments over the period of 3 years. What is the interest included in the tenth payment, if the rate charged by the credit union is 6% monthly?

a. 75.48 5

b. 78.19

c. 15 638.09

d. 21 336.56

e. 5698.49