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Suppose you borrowed $16,000 at a rate of 9.0% and must repay it in 4 equal installments at the end of cach of the next

Suppose you borrowed $16,000 at a rate of 9.0% and must repay it in 4 equal installments at the end of cach of the next 4 years. How large would your payments be? 55,772.8 $4,938.70 $3,802.80 $3,901.57 55,185.63

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