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A farm sold for $1,000,000. Terms readily available at local financial institutions are: 80% loan to value; 30 years; 5% interest. What is the

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A farm sold for $1,000,000. Terms readily available at local financial institutions are: 80% loan to value; 30 years; 5% interest. What is the annual debt service assuming annual payments? $65,051 $64,419 $51,535 $52,041

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