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Assume a farmer takes out a five year loan for $50,000. The annual interest rate is 4% and the farmer will make equal total anual

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Assume a farmer takes out a five year loan for $50,000. The annual interest rate is 4% and the farmer will make equal total anual payments for years one through five with a 25% balloon payment at the end of year five. What will the farmer's equal total annual payments be? Round all numbers to the nearest whole dollar. O $11,232 Ob $12,500 OC $8,424 Od 58,924

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