Question: answer Juniper Stores borrowed $98,000 for five years at an interest rate of 6.7 percent, compounded annually. The loan requires the payment of the annual

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answer Juniper Stores borrowed $98,000 for five
Juniper Stores borrowed $98,000 for five years at an interest rate of 6.7 percent, compounded annually. The loan requires the payment of the annual interest plus $19,600 of principal each year. What is the amount of the total loan payment in Year 37 Multiple Choice O $22,848.20 $24,03333 $23,600.67 $22766.67 o O O O $2353960]

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