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Big Brothers Inc, borrows 96,085 from the bank at 17.95% percent per year, compounded annually. To purchase new Machinery. This loan is to be repaid
Big Brothers Inc, borrows 96,085 from the bank at 17.95% percent per year, compounded annually. To purchase new Machinery. This loan is to be repaid in equal annual installments at the end of each year over the next 4 years, How much will the annual payment be?
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