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(Loan amortization to buy a new house, you must borrow $170,000. To do this, you take out a $170,000, 25-year, 8 percent mortgage. Your mortgage

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(Loan amortization to buy a new house, you must borrow $170,000. To do this, you take out a $170,000, 25-year, 8 percent mortgage. Your mortgage payments, which are made at the end of each year (one payment each year), include both principal and 8 percent interest on the declining balance. How large will your annual payments be? The amount of your annual payments will be s (Round to the nearest cont.) st Enter your answer in the answer box and then click Check Answer All parts showing Clear All Check A De here to search O ! 3 ON 11:09 12/27/24 BE 3 4 5 6 7 8 r F D

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