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Gildman Ox just gave you a $50,000 loan to buy a boat. You will have to make five equal payments, with first payment two years

Gildman Ox just gave you a $50,000 loan to buy a boat. You will have to make five equal payments, with first payment two years from today. Gildman Ox is charging you 15% on this loan. What is the amount of your annual payments?

$17,513.13
$17,152.23
$20,059.86
$20,139.30

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