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  3. or option e.) $12454.19 a loan in the amount o

or option E.) $12454.19 A loan in the amount of $212,000...

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Finance

or option E.) $12454.19
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A loan in the amount of $212,000 is to be repaid in equal annual payments over 15 years. The interest rate is 7 percent, compounded annually. What is the amount of interest that is included in the loan payment for Year 3? Multiple Choice 31272188 513 885 BS $11.22107 S361756

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