If you borrow $8,000 with a 5 percent interest rate to be repaid in five equal payments

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If you borrow $8,000 with a 5 percent interest rate to be repaid in five equal payments at the end of the next five years, what would be the amount of each payment?

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Focus On Personal Finance

ISBN: 9781265521974

7th Edition

Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart

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Question Posted: Jun 02, 2022 08:25 AM

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If you borrow $8,000 with a 5 percent interest rate to be repaid in five equal payments

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