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You purchased a new home for $200,000. The bank will make a loan at 3% annual interest rate for 30 years with annual payments. What

You purchased a new home for $200,000. The bank will make a loan at 3% annual interest rate for 30 years with annual payments. What is the yearly payment?

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$6,666.66

$10,203.85

$8,479.02

$11,729.38

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