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Determine the equal, annual, end-of-year payment required over the life of the following loans to repa them fully during the stated term Term of Loan

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Determine the equal, annual, end-of-year payment required over the life of the following loans to repa them fully during the stated term Term of Loan (Yrs) Interest Principal ($) Rate (%) Annual Payment ($) Loan A 50,000 15 60,000 B 15 8 Annual Payment ($) (Round to the nearest cent.) Interest Term of Principal ($) Rate (% Loan Loan (Yrs) A 50,000 15

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