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Hello, I have questions on Finance. I got first question right, but I don't get why it is. So, could you please explain why Q1's

Hello, I have questions on Finance. I got first question right, but I don't get why it is.

So, could you please explain why Q1's answer is 19,397?

1. Travis took out a $225,000 home mortgage with 3.4% interest rate and equal annual payments. How much will he have to pay annually to repay the loan in 15 years?

ANS: $19,397

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