man borrows $2 000 from a credit union. Each month he is to pay $100 on the principal. He also pays interest at the rate of 3/4% per month on the unpaid balance at the beginning of the month. What is the total payment required at the end of the first month? a. $101.25 b. $115.25 C. $115.00 d. $112.50 e. None of the choices is correct.

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