Maribel will borrow $6250 at 13.5% APR. She chooses to pay it back in 2 years. What will her monthly payment be? Use the table.
Monthly Payment Per $100
11.5% APR 12.5% APR
Years
13.5% APR
2.
4.684
4.731
4.778
3
3.298
3.345
3.394
5
2.199
2.251
2.301

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