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If you borrow $14,000 with a 7 percent interest rate to be repaid in seven equal payments at the end of the next seven years,

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If you borrow \$14,000 with a 7 percent interest rate to be repaid in seven equal payments at the end of the next seven years, what would be the amount of each payment? Use Exhibit 1.D. (Round your PVA factor to 3 decimal places and final answer to 2 decimal places.)

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