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7. Chapter MC, Section .04, Problem 108. Algo You plan to borrow $9,000 at a 7.5% annual interest rate. The terms require you to amortize

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7. Chapter MC, Section .04, Problem 108. Algo You plan to borrow $9,000 at a 7.5% annual interest rate. The terms require you to amortize the loan with 7 equal end-of-year payments. How much interest would you be paying in Year 27 Select the correct answer. Ca. $601.18 Ob. $596.68 Oc. $599.68 Od. $598.18 Ce. $602.68

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