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Larry Davis borrows $71,000 at 10 percent interest toward the purchase of a home. His mortgage is for 20 years a. If Larry decides to

Larry Davis borrows $71,000 at 10 percent interest toward the purchase of a home. His mortgage is for 20 years a. If Larry decides to make annual payments, how much will they be? (Enter your answer as a positive number rounded to 2 decimal places.) Annual payments b. How much interest will he pay over the life of the loan? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Total interest PM de

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