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Consider you have just borrowed 100 000 USD, and you agree to pay it back over the next 25 years in 25 equal end-of-year payments
Consider you have just borrowed 100 000 USD, and you agree to pay it back over the next 25 years in 25 equal end-of-year payments plus 10 percent compound interest on the unpaid balance. What will be the size of these payments?
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