Question: You borrow money on a self liquidating installment loan (equal payments at the end of each year, each payment is part principal part interest)

You borrow money on a self liquidating installment loan (equal payments at the end of each year, each payment is part principal part interest)

You borrow money on a self liquidating installment loan (equal payments at the end of each year, each payment is part principal part interest) Loan amount Interest Rate Life Date of Loan $415,000 9.9% 64 years January 1, 2021 Use the installment method - not straight line Do NOT round any interrmediate numbers. Do NOT turn this into a monthly problem. Do NOT put in minus signs, answer all positive numbers.

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