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A bank is negotiating a loan. The loan can either be paid off as a lump sum of $110.000 at the end of five years,
A bank is negotiating a loan. The loan can either be paid off as a lump sum of $110.000 at the end of five years, or as equal annual payments at the end of each of the next five years of the interest rate on the loan is 8%, what annual payments should be made so that both forms of payment are equivalent? O A. $26.250 O B. $30,000 OC. S15 000 OD. $18.750
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