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QUESTION
Mary borrowed $100,000 seven years ago. The loan note was for 10 years at 8% interest with annual payments. She just made the seventh payment. Now...
Mary borrowed $100,000 seven years ago. The loan note was for 10 years at 8% interest with annual payments. She just made the seventh payment. Now she wants to pay off the loan. About how much does she still owe on the loan?
