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Suppose you bought a condo and took out a 30-year, $110,000 amortized loan at a nominal annual rate of 7% with annual end-of-year payments. How

Suppose you bought a condo and took out a 30-year, $110,000 amortized loan at a nominal annual rate of 7% with annual end-of-year payments. How large would your annual payments be?

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$9,732.43

$9,894.88

$8,864.50

$7,729.38

$8,565.74

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