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A loan of $68,500 is due 10 years from today. The borrower wants to make annual payments at the end of each year into a

A loan of $68,500 is due 10 years from today. The borrower wants to make annual payments at the end of each year into a sinking fund that will earn compound interest at an annual rate of 10 percent. Required: a. What will the annual payments have to be? Note: Do not round intermediate calculations and round your final answer to the nearest whole dollar amount. b. Suppose the investor makes the payments

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