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6. Suppose you borrowed $15,000 at a rate of 11.1% and must repay it in 5 equal installments at the end of each of the

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6. Suppose you borrowed $15,000 at a rate of 11.1% and must repay it in 5 equal installments at the end of each of the next 5 years. How much is your annual payment? How much interest would you have to pay in the first year? How much do you still owe the bank after your first payment

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