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Lobo Banks normally provides term loans that require repayment in a series of equal annual installments. If a $25 million loan is made, what would
Lobo Banks normally provides term loans that require repayment in a series of equal annual installments. If a $25 million loan is made, what would be the annual end-of-year payments, assuming the following? Use Table IV to answer the questions. Round your answers to the nearest dollar. Enter your answers in whole dollars. For example, an answer of $1.2 million should be entered as 1,200,000, not 1.20. a. A 5 percent loan for 10 years $ b. A 5 percent loan for 5 years $ C. A 14 percent loan for 3 years $
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