Multiple Choice
Sollozo just made a single payment to repay a loan he had with the Corleone Finance Company. He paid a total of $86,500 which included interest of $56,500 at 48% compounded monthly. How long ago was the money borrowed?
A) 19 months
B) 63 months
C) 27 months
D) 34 months
E) 47 months
Correct Answer:
Verified
Correct Answer:
Verified
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