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A borrower obtains a loan for $125,000 at 11 percent annual interest for 20 years. Interest is compounded annually. How much will your annual payments

A borrower obtains a loan for $125,000 at 11 percent annual interest for 20 years. Interest is compounded annually. How much will your annual payments be to pay the loan in full?

In percentage format, the HPR = .

In percentage format, the APY = .

(Write your answer XX.XX%)

The problem is asking the percentage!!!

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