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QUESTION
Suppose you borrow $14,000 at a rateof 10.0% and must repay it in five equal installments at the end of each of the next five years. How much
Suppose you borrow $14,000 at a rateof 10.0% and must repay it in five equal installments at the end of each of the next five years. How much interest would you have have to pay the first year?A.0 4 1,200.33b.)$1263.50c.)$1330.00d.)$1400.00e.)$1470.00
