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Business, 14.04.2020 18:43 Jinesha

You are about to borrow $10 000 from a bank at an interese rate of 10% compounded annually. you are required to make five equal annual repayments in the amount of 2638 per year, with the first repayment occurring at the end of year 1. show the interest payment and principal in each year

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You are about to borrow $10 000 from a bank at an interese rate of 10% compounded annually. you are...
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