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Question 11 (3 points) Your bank offers to lend you $100,000 at an 7% annual interest rate to start your new business. The terms require

Question 11 (3 points) Your bank offers to lend you $100,000 at an 7% annual interest rate to start your new business. The terms require you to amortize the loan with 10 equal end-of-year payments. How much will your total payment be in Year 5

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