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A. 8233 B. 10,000 C. 6237 D. 7106 I want to buy a lakefront store in the new development coming up next to Possum Lake.
A. 8233 B. 10,000 C. 6237 D. 7106
I want to buy a lakefront store in the new development coming up next to Possum Lake. The store costs $100,000 and the bank offered me a loan if I pay 20% down payment. Assuming I borrow the other 80% at 8% interest rate to be repaid over 30 equal annual payments, what would the amount of each of these annual pay mentsStep by Step Solution
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