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Rose could probably borrow the money to purchase the shares outright because the shares would serve as collateral and dividends would cover a good part
Rose could probably borrow the money to purchase the shares outright because the shares would serve as collateral and dividends would cover a good part of the loan payments. the interest rate is 7%, and the lender will amortize the loan with a series of equal payments. what are the annual payments if the bank amortizes the loan over five, twen, or twenty years?
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