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What are the annual loan payments

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Suppose you take a 9 year loan of $25,000 with an interest rate of 13% and annual payments starting at the end of year 1. What are the annual loan payments?

Reference no: EM132909718

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What are the annual loan payments : Suppose you take a 9 year loan of $25,000 with an interest rate of 13% and annual payments starting at the end of year 1. What are the annual loan payments?
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