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One year ago, you took out a 10-year, $50,000, interest-only loan. The APR on the loan is 9% and payments are to be made at

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One year ago, you took out a 10-year, $50,000, interest-only loan. The APR on the loan is 9% and payments are to be made at the end of each year. What is the amount of the payment that is due today? $7,791 $4,500 $7,451 $54,000 $4,000

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