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7 You borrowed $10,000 and agreed to pay $1000 per year. Interest is 6.5% per year. You do not make payments in years 6 and

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7" You borrowed $10,000 and agreed to pay $1000 per year. Interest is 6.5% per year. You do not make payments in years 6 and 7. You begin making payments again in year 8, with the payment amount now being $1500. What will be the amount ofthe last payment on this loan? ly 1.JI

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