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Say you borrow $100,000 at 10 percent and agree to make equal annual end-of-year payments over 8 years. What is the annual payment? a. $8745.40

Say you borrow $100,000 at 10 percent and agree to make equal annual end-of-year payments over 8 years. What is the annual payment?

a. $8745.40

b. $8754.40

c. $8844.40

d. $8744.40

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