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A bank offers a home buyer a 30-year loan at 6% per year. If the home buyer borrows $120,000 from the bank, how much must
A bank offers a home buyer a 30-year loan at 6% per year. If the home buyer borrows $120,000 from the bank, how much must be repaid every year?
A. $10,461.44
B. $12,205.02
C. $13,948.59
D. $8,717.87
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