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Question 7 10 pts LO1 You take out a bank loan today for $20,000. You will repay the loan with two equal payments in years

Question 7 10 pts LO1 You take out a bank loan today for $20,000. You will repay the loan with two equal payments in years 3 and 4 . If the loan interest rate is 2.00% compounded annually, how big are the payments? $10,717.15 O $10,611.04 O $10,405.00 O $10,507.01

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