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Raymond & Sons is obtaining $78,000 for three years at an APR of 6.5 percent. The payment is equal annual payments over the life of

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Raymond & Sons is obtaining $78,000 for three years at an APR of 6.5 percent. The payment is equal annual payments over the life of the loan. Payments will be made at the end of each year. Fill out the table below. Round you payment to cents (2 decimal) Beginning Total Interest Year Principal Paid Ending Balance Balance Payment Paid 1 $87,000 2 3 Totals NA

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