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A company has a loan with a face value of $100,000 and an annual interest rate of 5%. The loan is to be repaid in

A company has a loan with a face value of $100,000 and an annual interest rate of 5%. The loan is to be repaid in 5 years.

Instructions: Calculate the annual loan payment using the formula PMT = PV * r / (1 - (1 + r)^-n), where PV is the present value, r is the interest rate, and n is the number of payments.

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