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Find the Payment Necessary to Amortize the Loan $6 \%$ Compounded Annually; 7 Annual Payments
A)

Question 78

Multiple Choice

Find the payment necessary to amortize the loan.
-$2 500; $6 \%$ compounded annually; 7 annual payments

A) $\$ 508.41$
B) $\$ 452.21$
C) $\$ 402.59$
D) $\$ 447.84$

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