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Attempts: Do No Harm: 13 10. TI Calculator Graded Problem Set A bank just approved...

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Attempts: Do No Harm: 13 10. TI Calculator Graded Problem Set A bank just approved your small business loan for $20,000. The loan has an interest rate of 9.0% and will be repaid with 10 end-of-year payments. What is the required annual loan payment? $4,373.14 $3,116.40 $4,572.23 $2,980.59 $3,981.65 Halfway through the loan's life, what is the loan's remaining balance? $12,122 $17,342 $15,288 $11,901 $18,018 What percentage of the total payments made during the first five years will be made toward interest? 49.44% 51.22% 47.59% 39.34% 45.66%

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