Question: Suppose you are borrowing $ 2 , 5 0 0 , 0 0 0 over 3 0 years at 4 % . Determine the annual

Suppose you are borrowing $2,500,000 over 30 years at 4%. Determine the annual payment amount.
Multiple choice question.
$100,000
$10,629.25
$144,575.25
$83,333.33

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