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Suppose you borrowed $42,000 at a rate of 5.5% and must repay it in 6 equal installments at the end of each of the next
Suppose you borrowed $42,000 at a rate of 5.5% and must repay it in 6 equal installments at the end of each of the next 6 years. How large would your payments be? Question 5 options: $7,083.69 $7,422.21 $8,189.23 $7,287.87 $8,407.52
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