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An individual borrowed $86,000 at an APR of 6 %, which will be paid off with monthly payments of $564 for 24 years. Question content

An individual borrowed $86,000 at an APR of 6 %, which will be paid off with monthly payments of $564 for 24 years. Question content area bottom Part 1 a. Identify the amount borrowed, the annual interest rate, the number of payments per year, the loan term, and the payment amount. The amount borrowed is $ ____, the annual interest rate is ____%, the number of payments per year is____

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