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You want to borrow $10,000. You figure that you can make the following payments. If the interest rate on the loan is 8.1% per year,

You want to borrow $10,000. You figure that you can make the following payments. If the interest rate on the loan is 8.1% per year, will your payments be enough to pay off the $10,000 loan?

Year 1 2 3 4
CF $1,920 $3,080 $3,340 $3,822

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