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You borrow $130,000 that has annual payments over 30 years. The interest rate on the 30 -year loan is 6.50% year. What is the balance

You borrow $130,000 that has annual payments over 30 years. The interest rate on the 30 -year loan is 6.50% year. What is the balance of the loan after you make the first annual payment? $120,044.93 $125,803.93$127,622.93 $128,494.93

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