Create the current facility

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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

Reference no: EM131065081

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