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You just received a $40,000 loan. The loan requires four equal payments, with the first...

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You just received a $40,000 loan. The loan requires four equal payments, with the first payment one year from today. If the bank wants a 10% return, what is the amount of your annual payment? a. $8,618.83 b. $5,547.85 c. $12,618.69 d. $10,551.56

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