Suppose that in the loan described the borrower paid off, Financial Management

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Suppose that in the loan described the borrower paid off

Suppose that in the loan? described, the borrower paid off the loan after the time indicated. Calculate the amount needed to pay off the loan. Round answer to the nearest cent. $80,000?; 7?% compounded? annually; 12 annual? payments; paid off after 9 years (Show Work).

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Financial Management: Suppose that in the loan described the borrower paid off

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