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A businessman borrowed $ 1 , 5 0 0 , 0 0 0 from the bank to finance new equipment for his food co -
A businessman borrowed $ from the bank to finance new equipment for his food copacking factory. The loan is being paid back in uniform annual payments of $ which corresponds to at an annual interest rate of of over years.
What is the balance on the loan immediately after making the th annual payment?
A $
B $
C $
D $
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