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Problem 27 Intro You want to borrow $800,000 from your bank to buy a business. The loan has an annual interest rate of 4% and

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Problem 27 Intro You want to borrow $800,000 from your bank to buy a business. The loan has an annual interest rate of 4% and calls for equal annual payments over 10 years (starting one year from now), after which the loan is paid back in full. Part 1 IB Attempt 1/3 for 10 pts. What is the annual payment you have to make? + decimals Submit

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