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year from today. He requires an 8 % annual return. a . What will be your annual loan payments? Do not round intermediate calculations. Round
year from today. He requires an annual return.
a What will be your annual loan payments? Do not round intermediate calculations. Round your answer to the nearest cent.
$
b How much of your first payment will be applied to interest and to principal repayment? Do not round intermediate calculations. Round your answers to the nearest cent.
Interest: $
Principal repayment: $
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