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idk Jane borrows $250,000 to be paid off on an installment basis over fifteen years beginning one year from today. The loan payments are annual

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Jane borrows $250,000 to be paid off on an installment basis over fifteen years beginning one year from today. The loan payments are annual and the interest is at 4.5% compounded annually. What is the amount of each payment? Select one: a. $16,666.67 b. $23,278.44 c. $12,485.27 O d. $20,796.54

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