You have borrowed $33,000 to be repaid with five equal annual installments. The interest rate is...

You have borrowed $33,000 to be repaid with five equal annual installments. The interest rate is 9% per year. What is the annual payment? What is the total interest payment for year 4 of the loan? What is the total interest payment over the life of the loan?

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jeff jeffy answered 1 year ago

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