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Assume you borrow $30,000 at an interest rate of 5.35 percent. The terms stipulate that the...

Assume you borrow $30,000 at an interest rate of 5.35 percent. The terms stipulate that the principal is due in full in 5 years and interest is to be paid annually at the end of each year. How much total interest will you pay on this loan assuming you pay as agreed?

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