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

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8. Aloan 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 1

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