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5. Dave borrows 100,000 from Fran for 10 years. He makes payments to Fran at then end of each year equal to the sum of,
5. Dave borrows 100,000 from Fran for 10 years. He makes payments to Fran at then end of each year equal to the sum of, . a constant payment toward the principsal interest on the outstanding balance at an effective annual rate of 4% Gloria reinvests the interest payments at the accumulated value of Gloria's reinvested interest an annual effective rate of 5%. At the end of 10 years. payments is X. Calculate a
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