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You want to borrow $700,000 from your bank to buy a business. The loan has an annual interest rate of 7% and calls for equal

You want to borrow $700,000 from your bank to buy a business. The loan has an annual interest rate of 7% and calls for equal annual payments over 10 years (starting one year from now), after which the loan is paid back in full. What is the annual payment you have to make

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