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Suppose you borrowed $13,230 at a rate of 15.0% and must repay it in 4 equal installments at the end of each of the next
Suppose you borrowed $13,230 at a rate of 15.0% and must repay it in 4 equal installments at the end of each of the next 4 years. How large would your payments be?
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$4,083.69
$4,173.68
$3,905.87
$3,994.41
$3,818.07
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