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Problem 3.12 A borrower borrows $50,000 for 5 years at an annual loan rate of 7.5%; he pays $6,000 at the end for each of

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Problem 3.12 A borrower borrows $50,000 for 5 years at an annual loan rate of 7.5%; he pays $6,000 at the end for each of the first 2 years and then pays K in the remaining 3 years. Find K

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