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(1 point) Larry borrows 18100 dollars from Moe at an effective rate of 9.1 percent, and agrees to make 12 equal annual payments (the first

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(1 point) Larry borrows 18100 dollars from Moe at an effective rate of 9.1 percent, and agrees to make 12 equal annual payments (the first a year from now) to repay the loan. Immediately after Larry makes the seventh payment, Moe sells the loan to Curly. If Moe's total yield rate is 6 percent effective, how much does Curly pay for the loan? Answer = dollars

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