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A bank offers a home buyer a 20-year loan at 7% per year. If the home buyer borrows $ 130 comma 000 from the bank,
A bank offers a home buyer a 20-year loan at 7% per year. If the home buyer borrows $ 130 comma 000 from the bank, how much must be repaid every year?
A. $ 19, 633.73
B. $ 17, 179.51
C. $ 14, 725.30
D. $ 12, 271.08
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