You have borrowed $50,000 at an interest rate of 12%. Equal payments will be made over...

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You have borrowed $50,000 at an interest rate of 12%. Equal payments will be made over a three-year period. (The first paymen

Answer 1

Answer #1

Borrowed money = $50,000 Interest Rate = 12% Equal payments will be done over the period of three years. Annual payments will

Answer 2

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