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XYZ Business Has the Option Between a (A) Five-Year

Question 176

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XYZ Business has the option between a (A) five-year $ 100,000 loan bearing a 10 % interest charge or (B) a twenty-year $ 100,000 loan bearing a 10 % interest charge. B. Calculations related to the twenty-year payment schedule:
-The annual loan payment is $__________________ .

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$ 11,745....

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