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A business borrows $292,750 for 11 years at an annual rate of interest of 8%. If payments are annual and the loan will negatively amortize by $32,282, what will be the annual payment required? Put you

A business borrows $292,750 for 11 years at an annual rate of interest of 8%. If payments are annual and the loan will negatively amortize by $32,282, what will be the annual payment required? Put your answer in as a positive number

Jul 05 2021 View more View Less

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