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6. You borrow 30,000 to be repaid in 5 equal payments at the end of each year. The interest rate you are charged is 6%.
6. You borrow 30,000 to be repaid in 5 equal payments at the end of each year. The interest rate you are charged is 6%. The annual payments are __________________.
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Handbook Of Financial Cryptography And Security
Authors: Burton Rosenberg, Douglas R. Stinson
1st Edition
1420059815, 978-1420059816
