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Bramble, Inc. owes $37,310 to Ritter Company. How much would Bramble have to pay each year if the debt is retired through four equal payments
Bramble, Inc. owes $37,310 to Ritter Company. How much would Bramble have to pay each year if the debt is retired through four equal payments (made at the end of the year), given an interest rate on the debt of 9%? (Round factor values to 5 decimal places, e.g. 1.25124. Round answers to the nearest whole dollar, e.g. 5,275.)
Amount paid each year?
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