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1 ) Suppose you borrowed $ 1 2 , 0 0 0 at an annual rate of 6 percent interest to buy a car and

1) Suppose you borrowed $12,000 at an annual rate of 6 percent interest to buy a car and wish to repay it in five equal payments at the end of each of the next five years. Which of the following is the closest to the amount of each of these payments? A) $2,364 B) $2,849 C) $2,544 D) $2,436

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