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The Summer Breeze Hotel borrowed $ 1 0 0 , 0 0 0 from the Meadowlands Bank to pay for a new air conditioning system.
The Summer Breeze Hotel borrowed $from the Meadowlands Bank to pay for a new air conditioning system. The loan is for a period of years at an interest rate of and requires 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?
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