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Suppose you borrowed $22,000 at a rate of 8.2% and must repay it in 4...

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Finance

Suppose you borrowed $22,000 at a rate of 8.2% and must repay it in 4 equal installments at the end of each of the next 4 years. How large would your payments be?

7,304.00

6,671.85

4,867.85

7,538.27

6,166.22

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