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Hemispheric Solutions obtained a 15-year term loan from Fintech Lenders for $850,000. The annual interest rate is 7 percent and the loan requires 15 equal

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Hemispheric Solutions obtained a 15-year term loan from Fintech Lenders for $850,000. The annual interest rate is 7 percent and the loan requires 15 equal annual end-of- year payments. What is the interest paid over the life of the loan? Select the best answer. O $627,015 O $513,412 O $609,217 O $549,869 O $649,471

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