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3. A $20,000 loan is to be paid off with annual payments at the end of each year for 10 years. The amount of each

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3. A $20,000 loan is to be paid off with annual payments at the end of each year for 10 years. The amount of each payment is S2000 plus 5% of the remaining for the right to receive these loan balance. What should an investor pay payments inorder to receive 8% on the investment

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