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You are making a fixed payment loan of 400,000 yuan for 5 years (60 monthly...

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Finance

You are making a fixed payment loan of 400,000 yuan for 5 years (60 monthly payment). The annual interest rate is 4.91%. How much do you need to pay in each month? A. 6,666.67 B. 7511.90 C. 8012.69 D. 9213.58

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