A loan of $$ 50,000$ is due 10 years from today. The borrower wants to make annual

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A loan of $\$ 50,000$ is due 10 years from today. The borrower wants to make annual payments at the end of each year into a sinking fund that will earn interest at an annual rate of 10 percent. What will the annual payments have to be?

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Financial Decision Making For Engineers

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Authors: Colin K. Drummond

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Question Posted: Apr 20, 2024 05:00 AM

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A loan of $$ 50,000$ is due 10 years from today. The borrower wants to make annual

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To calculate the annual payments required to pay off a loan of 50000 due in 10 years with t...View the full answer

Financial Decision Making For Engineers

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