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1 3 . Suppose you want to buy a new television from Walmart. The price of the television is $ 1 0 0 0 .

13. Suppose you want to buy a new television from Walmart. The price of the television is $1000. But you do not have any money saved up until now. If you take out a loan at 0% interest, what would be your yearly payment if you want to pay off the loan in 2 years?
Hint: Loan (PV)= Fixed payment/(1+i)+ Fixed payment/(1+i)^2

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