### Create the current facility

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##### Reference no: EM131065081

Warren's Diner needed a new location. This establishment spent \$65,000 to refurbish an old shop and create the current facility. The firm borrowed 75 percent of the refurbishment cost at 8 percent interest for 11 years. What is the amount of each monthly payment?

a. \$91.05

b. \$284.13

c. \$556.50

d. \$682.87

e. \$731.60

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