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You borrow $42,500 over a nine year term. Your bank charges an annual rate of 10%. If the loan is repayable in equal endminusofminusperiod, annual
You borrow $42,500 over a nine year term. Your bank charges an annual rate of 10%. If the loan is repayable in equal endminusofminusperiod, annual payments, then what is the loan payment?
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