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Business, 23.11.2020 14:00 nubsies31

You are considering borrowing $10,000 for 3 years at an annual interest rate of 6%. The loan agreement calls for 3 equal payments, to be paid at the end of each of the next 3 years. (Payments include both principal and Interest.) The annual payment that will fully pay off the loan is? a. $2,890.

b. $4,020.

c. $2,674.

d. $3,741.

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