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You Are Borrowing $5,000 at a 9% Interest Rate

Question 79

Multiple Choice

You are borrowing $5,000 at a 9% interest rate.The monthly payments will be the highest in a ____________.

A) 24-month repayment plan
B) 36-month repayment plan
C) 12-month repayment plan
D) 48-month repayment plan

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