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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 annual

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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 annual payments for years one through five with a 25% balloon payment at the end of year five. How much will the balloon payment at the end of year five be? Round all numbers to the nearest whole dollar O a $2.000 Ob $11,232 OC. $12,500 Od 5500

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