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years, with the first payment to be made one year from today. He requires a 9 % annual return. Do not round intermediate calculations. Round
years, with the first payment to be made one year from today. He requires a annual return. Do not round intermediate calculations. Round your answers to the nearest cent.
a What will be your annual loan payments?
$
b How much of your first payment will be applied to interest and to principal repayment?
Interest: $
Principal repayment: $
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