Question: 6 Saved Help Save & Exit Submit Check my work If you borrow $12,500 with an interest rate of 6 percent to be repaid in

6 Saved Help Save & Exit Submit Check my work If you borrow $12,500 with an interest rate of 6 percent to be repaid in seven equal payments at the end of the next 7 years, what would be the amount of each payment? Use Exhibit 1.D. (Round your PVA factor to 3 decimal places and final answer to 2 decimal places.) Amount of each payment 67,366.123 1406 29

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