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MMLU-Pro / 185 / Mr. Langham decides to take a loan from his bank for …

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category

business

question

Mr. Langham decides to take a loan from his bank for $60 at a nominal rate of 6%. If he agrees to repay the loan in equal installments over a period of 15 months, how much will each of the monthly payments be?

src

stemez-Business

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