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Brief Exercise 5-11 (Algo) Solve for unknown; annuity (L05-9) Kingsley Toyota borrowed $200.000 from a local bank. The loan requires Kingsley to pay 20 equal

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Brief Exercise 5-11 (Algo) Solve for unknown; annuity (L05-9) Kingsley Toyota borrowed $200.000 from a local bank. The loan requires Kingsley to pay 20 equal annual instaliments beginning one year from today. Assume an interest rate of 9% What is the amount of each annual installment payment? (FV of $1. PV of Si. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) (Round your final answers to nearest whole dollar amount.) Table or calculator function Loan Amount PV of $1 S 200,000 20 9% Loan Payment

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