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You take out a loan that must be repaid with level payments made at the end of each of the next 14 years. The loan
You take out a loan that must be repaid with level payments made at the end of each of the next 14 years. The loan has an annual effective rate of interest of 7%. You know that Ps = $746.35. Compute the following. Round your answers to two decimal places. Payment = Loan amount =
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