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The Ezra motel borrowed $ 7 0 0 0 0 to pay for a new surveillance system. The loan is for a period of 7

The Ezra motel borrowed $70000 to pay for a new surveillance system. The loan is for a period of 7 years at an interest rate of 8.5% annually and requires 7 equal end of year payments that include both principal and interest on the outstanding balance. How much in interest will be paid over the life of the loan?
a: $28287
b: $28350
c: $25731
d: $41650
e: $30000

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