Grace Hospital purchased some imaging equipment for $225,000 and financed the full amount at 10 annual simple interest for 4 years. The simple interest on the loan is $78,000. Find the monthly payment.

A) $6302.50
B) $6332.50
C) $5652.50
D) $6412.50
E) $6312.50


E) $6312.50

Health & Biomechanics

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