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Homework: Unit 7 Lab Assignment Score: 0 of 4 pts 1 of 10 (0 complete) HW Sca Problem 4.L04.12 Determine the equal, annual, end-of-year payment

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Homework: Unit 7 Lab Assignment Score: 0 of 4 pts 1 of 10 (0 complete) HW Sca Problem 4.L04.12 Determine the equal, annual, end-of-year payment required over the life of the following loans to repay them fully during the stated term. Loan Annual Payment ($) Interest Principal ($) Rate (%) 20,000 50,000 13 Term of Loan (Yrs) 20 10 B Interest Principal ($) Rate (%) 20,000 5 Term of Loan (Yrs) Loan A Annual Payment ($) (Round to the nearest cent.) 20

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