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    25] = 10.67P
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    NEW QUESTION: 1
    You borrow $100,000 at a mortgage rate of 8% per year. What's the annual payment you must make to repay the loan in 25 years?
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    B. $7,493
    C. $8,349
    D. $5,982
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    Explanation/Reference:
    Explanation:
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    100,000 = P/0.08*[1 - 1/1.08