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You get a loan for $100,000 today and will pay it back with yearly payments of $12,000 each year in years 1 to 7. In

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You get a loan for $100,000 today and will pay it back with yearly payments of $12,000 each year in years 1 to 7. In addition, you will make a single dollar payment in year 3. How big must the single payment be, if the loan charges 7.00% APR (compounded annually)? The additional payment is equal to $35,329 The additional payment is equal to $43,279 The additional payment is equal to $64,671 The additional payment is equal to $42,413 The additional payment is equal to $43,712

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