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Suppose you borrowed $12,000 at a rate of 9.0% and must repay it in four equal installments at the end of each of the next
Suppose you borrowed $12,000 at a rate of 9.0% and must repay it in four equal installments at the end of each of the next four years. How large would your payments be? [Type in your answer in dollars, to the nearest penny].
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