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Assume you borrow $ 1 0 , 0 0 0 at 4 % interest for a period of 1 0 years. You make annual payments.
Assume you borrow $ at interest for a period of years. You make annual payments. After you've made the first payment, how much do you still owe on the loan?
Assume you borrow $ at interest for a period of years. You make annual payments. After you've made the first payment, how much do you still owe on the loan?
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