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A home buyer signed a 20-year, 8% mortgage for $72,500. How much should the annual loan payments be? (Assume annual compounding.) a $5,560 b $13,900

A home buyer signed a 20-year, 8% mortgage for $72,500. How much should the annual loan payments be? (Assume annual compounding.)

a	$5,560
b	$13,900
c	$7,384
d	$8,074

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