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17 of 25 (18 completely HW Score: 7296, 18 of 25 pts Score: 0 of 1 pt P4-20 (similar to) Question Help Fully amortized loan

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17 of 25 (18 completely HW Score: 7296, 18 of 25 pts Score: 0 of 1 pt P4-20 (similar to) Question Help Fully amortized loan annual payments for principal and interest with the same amount each year). Chuck Pori has talked an elderly woman inte tooning him $10,000 for a new busines venture. She has, however, successfully passed a finance class and requires Chuck to sgn a binding contract on repayment of the $10,000 with an annual interest rate of 2% over the next 10 years. Determine the cash flow to the woman under a fully amortized loan, in which Ponzi will make equal annual payments at the end of each year so that the final payment will completely retire the original $10,000 loan What is the amount of payment that the woman will receive at the end of years 1 through 107 Round to the nearest cont.)

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