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You are considering borrowing $10,000 for 3 years at an annual interest rate of 6%. The loan agreement calls for 3 equal payments, to be paid at the end of each of the next 3 years. (Payments include both principal and interest.) The annual payment that will fully pay off (amortize) the loan is closest to
A. $2,674.
B. $2,890.
C. $3,741.
D. $4,020.
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Do you offer home work asistance for MBA finance? If yes how does it work?
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