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What is the annual payment? If the loan is paid off early, at the end of the third year, what would the payment be? Loan

What is the annual payment?

If the loan is paid off early, at the end of the third year, what would the payment be?

Loan 250,000

Loan term 5 years

Interest rate 4.04%

The loan in question is a term loan and is to be repaid in equal annual installments.


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