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cloveb cloveb
wrote...
Valued Member
Posts: 792
7 years ago
A manufacturing company borrows $100,000 with a promise to repay the loan with equal annual payments over a 5-year period. At an interest rate of 12% per year, the annual payment will be closest to
A. $23,620
B. $27,740
C. $29,700
D. $31,800
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Staff Member
7 years ago
B
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