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Assume that you will need to borrow $5,000 over five years to replace the furnace and central air conditioning units in the home that you
Assume that you will need to borrow $5,000 over five years to replace the furnace and central air conditioning units in the home that you purchased. Visit the Bankrate Personal Loan Calculator and enter your loan amount, term, and annual income in the appropriate fields. It is acceptable to utilize the current interest provided by the sites calculator. Next, summarize your findings including the loan interest rate and the monthly loan payment.
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