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2. Suppose the interest on a $10,000 debt is 8% compounding quarterly. You plan on making 10 equal annual payments (from n=1 to n=10 where

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2. Suppose the interest on a $10,000 debt is 8% compounding quarterly. You plan on making 10 equal annual payments (from n=1 to n=10 where n counts years) to pay off only part of the loan. At the end of the 10 annual payments, you still owe $4000, so you add $4000 to the final payment to pay off the balance of the loan. What are the annual payments you have made?

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