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Find the required annual payments

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Question - Construct an amortization schedule for a $1,000, 3.5% annual rate loan with 3 equal payments. The first payment will be made at the end of the1st year. Find the required annual payments?

a. $356.9

b. $367.2

c. $377.2

d. $390.7

Reference no: EM132818050

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