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40. A home buyer signed a 20-year, 8% mortgage for $72,500. How much should the annual loan payments be? (Assume annual compounding) A) $5,560 B)

40. A home buyer signed a 20-year, 8% mortgage for $72,500. How much should the annual loan payments be? (Assume annual compounding) A) $5,560 B) $7,384 C) $8,074 D) $13,900 Ans: B Difcultv: Med TVDe: ADD

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