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A bank offers you a loan for $20,000 with an 24% APR. You will make monthly payments with a 10-year payment schedule. What is the

A bank offers you a loan for $20,000 with an 24% APR. You will make monthly payments with a 10-year payment schedule. What is the monthly annuity payment under this schedule? 1) $4,800.00 2) $440.96 03) $2,226,53 4) $5,432.04

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