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You owe $200,000 on a mortgage loan. You wish to repay the loan with 10 equal payments, one at the end of each year for

You owe $200,000 on a mortgage loan. You wish to repay the loan with 10 equal payments, one at the end of each year for the next 10 years, and a separate final $120,000 payment at the end of 18 years (from now). What is the appropriate amount of each of the 10 equal annual payments? The interest rate is 8% compounded annually.

$28,428

$34,281

$11,922

$29,806

$38,089

$21,522

$30,030

$25,331

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