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Lou Lewis borrows $17,000 to be repaid over 14 years at 7 percent. Repayment of principal in the first year is: UseAppendix Dto calculate the

Lou Lewis borrows $17,000 to be repaid over 14 years at 7 percent. Repayment of principal in the first year is: UseAppendix Dto calculate the answer.

Multiple Choice

  • $1,944
  • $754
  • $838
  • $981

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