29 7 points Suppose you borrowed $25,000 at a rate of 8% and must repay...
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29 7 points Suppose you borrowed $25,000 at a rate of 8% and must repay it in 4 equal installments at the end of each of the next 4 years. Which of the following is the closest to the amount by which you would reduce the principal of the loan in the first year? $5,349 $5,548 $6,513 $4,976 $6,110
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