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Wilson Electronics just took out a $92,000, 13-year, 6.7 percent, interest-only loan from the bank. Payments are made annually. What is the amount of the
Wilson Electronics just took out a $92,000, 13-year, 6.7 percent, interest-only loan from the bank. Payments are made annually.
What is the amount of the loan payment in year 4?
What is the amount of the loan payment in year 13?
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