Diane Antaya borrows $20,000 from the bank to help her expand her business. She agrees to repay

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Diane Antaya borrows $20,000 from the bank to help her expand her business. She agrees to repay the money in equal payments at the end of each year for 9 years. Interest is at 8.9% compounded annually. Find the amount of each payment.

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Calculus With Applications

ISBN: 9780321831101

10th Edition

Authors: Margaret L Lial, Raymond N Greenwell, Nathan P Ritchey

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