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You borrow $ 5 , 1 5 0 at 1 0 % per year and will pay off the loan in three equal annual payments
You borrow $ at per year and will pay off the loan in three equal annual payments starting year after the loan is made. The endofyear payments are $ Which of the following is true for your payment at the end of year
Interest is $ and principal is $
Interest is $ and principal is $
Interest is $ and principal is $
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