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8. A loan of $10,000 is repaid using the amortization method with payments at the end of each year for 12 years at an annual

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8. A loan of $10,000 is repaid using the amortization method with payments at the end of each year for 12 years at an annual interest rate of 5%. To the nearest dollar, find the principal repaid in the 9th payment. A. $ 200 B. $537 C. $ 764 D. $915 E. $928

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