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3. You plan to borrow $35,000 at a 5% annual interest rate. The terms require you to amortize the loan with 7 cqual end-of-year payments.

3. You plan to borrow $35,000 at a 5% annual interest rate. The terms require you to amortize the loan with 7 cqual end-of-year payments. How much total interest would you be paying after the first two years and after 7 years

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