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Suppose you borrow $50,000 at 12 percent on a 30-year loan payable monthly. How much will you still owe after year 20? a. $16,667 b.

Suppose you borrow $50,000 at 12 percent on a 30-year loan payable monthly. How much will you still owe after year 20?

a. $16,667

b. $20,000

c. $30,847

d. $25,847

e. $35,847

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