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A recent engineering graduate took a $270,000 loan from the bank to start a consulting business. The loan has to be paid back at an

A recent engineering graduate took a $270,000 loan from the bank to start a consulting business. The loan has to be paid back at an annual interest rate of 4% in uniform annual payments over the next 10 years. Answer the following two questions: 1. Calculate the uniform annual payment. O A. $36,315 O B. $22,491 O C. $20,007 O D. $33,291 2. What will be the balance on the loan immediately after making the 3th annual payment? O A. $199,816 O B. $170,127 O C. $92,386 O D. $207,757

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