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two parts A $10,000 loan is to be amortized over 5 years, with annual end-of-year payments. Given the following facts, which of these statements is

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A $10,000 loan is to be amortized over 5 years, with annual end-of-year payments. Given the following facts, which of these statements is correct? The annual payments would be greater if the interest rate was greater. If the loan were amortized over 10 years rather than 5 years, and if the interest rate were the same in either case, the first payment would include more dollars of interest under the 5-year amortization plan. The last payment would have a greater proportion of interest than the first payment. The proportion of interest versus principal repayment would be the same for each of the 5 payments. None of the above are correct. Assume you are to receive a 20-year annuity with annual payments of $50. The first payment will be received one year from today and the last payment will be received 20 years from today. You will invest each payment in an account that pays an APR of 10 percent. What will be the value in your account 30 years from today? (Round only your final answer.) $6,354.81 O $7,922.33 O $8,591.00 O $6,752.46 $7,427.83

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