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10. A man borrows money from a bank. He receives the money in five equal annual installments of X commencing at t 1 with t
10. A man borrows money from a bank. He receives the money in five equal annual installments of X commencing at t 1 with t in years. He repays the loan with twenty equal annual payments of 100. If the first payment is due one year after the last installment and the interest rate is = .13 then find an equation for X
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