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3. Sean borrows Y for 4 years at an annual effective interest rate of 8 percent. Y is to be repaid by equal payments at

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3. Sean borrows Y for 4 years at an annual effective interest rate of 8 percent. Y is to be repaid by equal payments at the end of each year. OLB3=559.12. Every payment is made up of Principal +Interest. Find the payment Q as well as Y. Find OLB1

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