A bank offers a home buyer a 25 -year loan at 7 % per year....
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Finance
A bank offers a home buyer a
25
-year
loan at
7
%
per year. If the home buyer borrows
$ 110 comma 000
from the bank, how much must be repaid every year?
A.
$ 13 comma 214.82
B.
$ 15 comma 102.66
C.
$ 9 comma 439.16
D.
$ 11 comma 326.99
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