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Loan payment Determine the equal, annual, end-of-year payment required each year over the life of the loan shown in the following table to repay it

Loan payment Determine the equal, annual, end-of-year payment required each year over the life of the loan shown in the following table to repay it fully during the stated term of the loan.

Principle Interest Rate Term of loan (years)

$10,000 12% 17

The amount of the equal, annual, end-of-year payment, CF, is $

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