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Calculating Annuity Values [ L 0 2 ] Pursell Bank offers you a five - year loan for $ 1 0 0 , 0 0

Calculating Annuity Values

[

02]

Pursell Bank offers you a five

-

year

loan for $

100, 000

at an annual interest rate of

6.8

percent. What will your

annual loan payment be

?

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