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2) Anne borrows $25,000 on December 31, 2020 at 5% interest. She plans to repay the loan over 10 years with level annual payments the

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2) Anne borrows $25,000 on December 31, 2020 at 5% interest. She plans to repay the loan over 10 years with level annual payments the first payment on December 31 2021. a) Find her first 3 payments loan payments but is unable to make her payment in 2024. Find her outstanding balance on December 31, 2025 prior to any payments on that date. b) Anne wants to make a payment on December 31, 2025 in order to pay the loan off with her remaining scheduled payments. How much will she need to pay on December 31, 2025 to do this? (5 points)

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