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Homework: HW_CH5 Save Score: 0 of 1 pt 9 of 9 (2 complete) HW Score: 22.58%, 7 of 31 pts Problem 5-33 (similar to) (Loan

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Homework: HW_CH5 Save Score: 0 of 1 pt 9 of 9 (2 complete) HW Score: 22.58%, 7 of 31 pts Problem 5-33 (similar to) (Loan amortization) To buy a new house, you must borrow $145,000. To do this, you take out a $145,000, 20-year, 12 percent mortgage. Your mortgage payments, which are made at the end of each year (one payment each year), include both principal and 12 percent interest on the declining balance. How large will your annual payments be? The amount of your annual payments will be $(Round to the nearest cont.)

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