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A loan is to be repaid with level annual payments of K. The outstanding balances on three consecutive payment dates are $6,737.66, $6,168.62, and $5,578.53,

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A loan is to be repaid with level annual payments of K. The outstanding balances on three consecutive payment dates are $6,737.66, $6,168.62, and $5,578.53, respectively. Calculate K. A) $800 B) $820 C) $850 D) $880 E) $900

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