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A small business takes out a loan for $14,000 at 7%6 simple interest over the course of 4 years. What is the monthly payment? $291.67 $326.67 $373.33 $408.33

A small business takes out a loan for $14,000 at 7%6 simple interest over the course of 4 years. What is the monthly payment? $291.67 $326.67 $373.33 $408.33
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A small business takes out a loan for $14,000 at 7%6 simple interest over the course of 4 years. What is the monthly

payment?
$291.67
$326.67
$373.33
$408.33

asked
User Worpet
by
8.6k points

1 Answer

5 votes
The answer is $408.33
answered
User Hayat
by
8.4k points
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