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QUESTION 17 You borrow $100,000 to buy a house; if the annual interest rate is 6% and the term of the loan is 20 years,

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QUESTION 17 You borrow $100,000 to buy a house; if the annual interest rate is 6% and the term of the loan is 20 years, what is the annual payment required to retire the mortgage loan? (Round it to the closest number)

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