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Lou Lewis borrows $19,000 to be repaid over 8 years at 9 percent. Repayment of principal in the first year is: Use Appendix D to

Lou Lewis borrows $19,000 to be repaid over 8 years at 9 percent. Repayment of principal in the first year is: Use Appendix D to calculate the answer. (Round your intermediate calculations to the nearest dollar value.)

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$3,433
$1,723
$1,807
$1,950

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