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I am borrowing $5000 from you. You have suggested the following terms, an interest rate of 6% and 4 annual payments, after which the loan

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I am borrowing $5000 from you. You have suggested the following terms, an interest rate of 6% and 4 annual payments, after which the loan balance will be zero. What will my annual payment be? If you agree to decrease the interest rate you charge me, how will my loan payment be affected and how will the total amount I pay for the loan be affected? If you agree to increase the number of annual payments, how will my loan payment be affected and how will the total amount I pay for the loan be affected? My annual payment will be $ If you agree to decrease the interest rate you charge me, my annual loan payment will A. B. increase C. decrease D. stay the same and the total amount I pay for the loan will A. B. decrease C. increase D. stay the same If you agree to increase the number of annual payments, my annual loan payment

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