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Saved Help Required information A-1 Mortgage makes loans with the interest paid on the loan principal rather than on the unpaid balance for a 4-year
Saved Help Required information A-1 Mortgage makes loans with the interest paid on the loan principal rather than on the unpaid balance for a 4-year loan of $10,000 at 10% per year. What annual payment would be required to repay the loan in 4 years, if interest is charged on the unrecovered balance? The annual payment is $
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