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Suppose you borrowed $14,000 at a rate of 10.0% and must repay it in five equal installments at the end of each of the next
Suppose you borrowed $14,000 at a rate of 10.0% and must repay it in five equal installments at the end of each of the next five years. How much interest would you have to pay in the first year $1,200.33 $1,263.50 $1,330.00 $1,400.00 $1,470.00
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