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A new startup borrowed $ 3 0 0 , 0 0 0 from the bank to purchase office equipment. The interest rate on the loan
A new startup borrowed $ from the bank to purchase office equipment. The interest rate on the loan is per year payable in equal installments. The bank has agreed to defer the loan for a year, but adjusts the loan terms to ensure that it doesn't lose any money on this modification. The bank expects to be paid back over the following years. What is the size of the equal annual installments once repayment begins?
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