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A $50,000 loan is to be repaid in equal yearly payments over 20 years at an interest rate of 3% compounded annually. Use this information

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A $50,000 loan is to be repaid in equal yearly payments over 20 years at an interest rate of 3% compounded annually. Use this information with all 5 questions below. "To pay off the loan in its entirety at the end of the 12th year, how much must be paid in total at the end of the year

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