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Posted on Sep 06, 2024

You took out a loan that requires you to pay $ 1 0 0 0 at the end of each month for 1 0 years.

You took out a loan that requires you to pay $

1000

at the end of each month

for

10

years. The annual interest rate is

12 % .

If after

5

years, you decide to

pay off the loan, how much should you pay?

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