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If you borrow $1,000 and agree to repay the loan in five equal annual payments at an interest rate of 12%, what will your payment be?
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If you borrow $1,000 and agree to repay the loan in five equal annual payments at an interest rate of 12%, what will your payment be?

User Dominic Mitchell
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1 Answer

3 votes

Answer:

I believe it's $83 per month

Step-by-step explanation:

User Pbachman
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