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Loan payment Determine the equal, annual, end-of-year payment required each yoar 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 yoar over the life of the loan shown in the following table to repay it fully during the stated term of the loan. (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Principal Interest rate Term of loan (years) $17,000 8% 23

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