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A bank just approved your small business loan for $25,000. The loan has an interest rate of 7.5% and will be repaid with 10 end-of-year

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A bank just approved your small business loan for $25,000. The loan has an interest rate of 7.5% and will be repaid with 10 end-of-year payments. What is the required annual loan payment? $4,456.43 $4,373.14 $3,396.03 O $3,254.91 $3,642.15 Halfway through the loan's life, what is the loan's remaining balance? $15,557 $16,551 514,736 517,342 $13,339 what percentage of the total payments made during the best five years will be made toward interest? 39.34 5613 4364

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