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You borrow $80,000 at 5.00% per year and will pay off the loan in equal payments starting one year after the loan is made over

You borrow $80,000 at 5.00% per year and will pay off the loan in equal payments starting one year after the loan is made over a period of ten years. What are the annual end-of-year payments?

Determine the amount of interest and principal that are paid each year.

What is the total interest paid for the loan?

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