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How big of a loan can you take out if you can afford to make payments of $3,500 once a year for the next 5
How big of a loan can you take out if you can afford to make payments of $3,500 once a year for the next 5 years and the annual interest rate is 6.8%?
In the space below, please indicate what the following variables are (enter answers to four decimal places and be mindful as to whether the variable is a positive or negative number):
- PV
- FV
- Rate %
- Periods
- Payment
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