Question: Question 8 A loan is repaid with equal annual payments of $350 at the end of each year for 10 years. AEIR=5% for the first

 Question 8 A loan is repaid with equal annual payments of

Question 8 A loan is repaid with equal annual payments of $350 at the end of each year for 10 years. AEIR=5% for the first five years and 8% thereafter. What must have been the amount of this loan? A The answer does not appear hore B. 2610-25 0.2912.72 D. 3883.85 E 2702.61

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