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Question 31 Calculate the fixed payment on a $100 000 loan with an annual interest rate of 5 percent and 15 years to maturity.(Show your

Question 31 Calculate the fixed payment on a $100 000 loan with an annual interest rate of 5 percent and 15 years to maturity.(Show your work) (5 marks)

Calculate the fixed payment on a $100000 loan with an annual interest rate of 5 percent and 15 years to maturity.(Show your work)

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