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A series of equal monthly payments of $6000 for 10 years ( starting year 1 )is equivalent to what same amount gradient increase if you
A series of equal monthly payments of $6000 for 10 years ( starting year 1 )is equivalent to what same amount gradient increase if you decide to make yearly payments and your first payment is $20 000 at first year and pay back over the same time frame interest rate is 12%? Show your work
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