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T2-19 Multiple Choice You recently purchased a building for $200,000, paying $100,000 in cash and borrowing the rest. If the loan carries interest at 8%

T2-19 Multiple Choice

You recently purchased a building for $200,000, paying $100,000 in cash and borrowing the rest. If the loan carries interest at 8% and is repaid in 10 equal annual (end-of-year) payments, what is the annual loan payment?

A. $10,000 B. $20,000 C. $14,903 D. $29,806

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