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QUESTION 1 If you borrow $11,120 at an annual rate of interest of 7.0% for 7 years, what is the annual payment (prior to maturity)
QUESTION 1 If you borrow $11,120 at an annual rate of interest of 7.0% for 7 years, what is the annual payment (prior to maturity) on a fully amortized loan? ($2,971) ($3,565) ($2,476) ($4,279) ($2,063)
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