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Posted on Jul 23, 2024

You want to borrow $ 7 9 , 6 7 2 . 6 1 . Your bank offers an amortized loan with annual, end -

You want to borrow $

79, 672.61 .

Your bank offers an amortized loan with annual, end

-

of year payments over a

25

year term. The bank charges an interest rate of

4 % .

What are the annual loan payments?

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