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Question A loan is being repaid with 16 annual payments of $150 starting at time t = 9 and ending at t = 24. Find

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Question A loan is being repaid with 16 annual payments of $150 starting at time t = 9 and ending at t = 24. Find the loan amount given an effective annual rate of interest of 4%. Possible Answers A 805 B 945 1111 D 1166 E 1277

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