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Lou Lewis borrows $26,000 to be repaid over 15 years at 10 percent. Repayment of principal in the first year is: Use Appendix D. (Round

Lou Lewis borrows $26,000 to be repaid over 15 years at 10 percent. Repayment of principal in the first year is: Use Appendix D. (Round "PV Factor" to 3 decimal places. Round your intermediate calculations to the nearest dollar value.)

a. $1,045

b. $818

c. 902

d. $3,418

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