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10. Anita borrow this loan by paying off only the interest due at the end of each ye lender and depositing a level amount Q
10. Anita borrow this loan by paying off only the interest due at the end of each ye lender and depositing a level amount Q at the end of each year fund account s 540,000 at annual effective interest rate 3%. She repays sinki r to the paying 6% APY. The goal is toaccumulate the full balanc of the loan amount in the sinking fund at the end of 10 years a. Find the level sinking fund deposit. b. What rate (AEIR) does Anita end up paying on this loan? c. What is the lender's APY
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