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IN220 Bank offers you a 10-year loan for 1,000,000 Baht at an annual interest rate of...

IN220 Bank offers you a 10-year loan for 1,000,000 Baht at an annual interest rate of 10 percent, compounded monthly. What will your monthly loan payment be?

100,000.00

8,333.33

13,215.07

162,745.39
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