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Suppose you borrowed $ 2 5 , 0 0 0 at a rate of 8 % and must repay it in 4 equal installments at

Suppose you borrowed $25,000 at a rate of 8% and must repay it in 4 equal installments at the end of each of the next 4 years. how large would your payments be ?
7,691.45
7,548.02
7,380.70
7,214.79
7,716.72

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