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You borrow $100,000 to be paid annually over the next ten years. The annual Interest rate is 6%, and you make all the payments on

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You borrow $100,000 to be paid annually over the next ten years. The annual Interest rate is 6%, and you make all the payments on time. How much Interest will you pay over the life of the loan? $10,000 $11,945 O $23,587 O $35,868 O None of the above is correct

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