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You borrowed $10,000 from a local bank, with agreement that you will pay back the loan according to a graduated payment plan. If your first
You borrowed $10,000 from a local bank, with agreement that you will pay back the loan according to a graduated payment plan. If your first payment is set to be $2,000 at the end of the first year. What would be the remaining payment look like at a borrowing rate of 10% over 4 years.
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