Question: Stan Diner needs a new location. They plan to spend $65,000 to refurbish an old shop to create the new facility. The firm borrows 70

Stan Diner needs a new location. They plan to spend $65,000 to refurbish an old shop to create the new facility. The firm borrows 70 percent of the refurbishment cost at 8 percent interest for 6 years. What is the amount of each monthly payment? $612.41 $914.49 $816.41 $797.76

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