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8.adam borrows $4,500 at 12 percent annually compounded interest to be repaid in four equal annual installments. The actual end-of-year payment is a.$2,641 b.$1,125 c.$942

8.adam borrows $4,500 at 12 percent annually compounded interest to be repaid in four equal annual installments. The actual end-of-year payment is a.$2,641 b.$1,125 c.$942 d.$1,482

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