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3. If you take out a loan of $10,000 today with an interest rate of 3% compounded annually, how big must your annual payments be

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3. If you take out a loan of $10,000 today with an interest rate of 3% compounded annually, how big must your annual payments be if you want to have it paid off in four years (your first payment will be made today? What happens if you are able to increase your loan payments? What happens if interest rates go up

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