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Question 17 1 pts You get a loan for $100,000 today and will pay it back with yearly payments of $10,000 each year in years
Question 17 1 pts You get a loan for $100,000 today and will pay it back with yearly payments of $10,000 each year in years 1 to 10. In addition, you will make a single dollar payment in year 3 How big must the single payment be, if the loan charges 5.00% APR (compounded annually)? O The additional payment is equal to $26,374 O The additional payment is equal to $22,783 O The additional payment is equal to $77,217 O The additional payment is equal to $26,638 O The additional payment is equal to $25,846
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