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a. You borrow $60,000 and promise to make annual payment of $9,605. You will begin making payments on this date in 2022 and continue each

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a. You borrow $60,000 and promise to make annual payment of $9,605. You will begin making payments on this date in 2022 and continue each year through and including 2030. How many payments will you make? Find the annual interest rate paid. b. Beginning today, you will receive $5,000 per year through and including 2034. If your discount rate=required return=i=k=r=6% , then find the value of this annuity today

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