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Fishing Designs has arranged to borrow $ 1 9 , 0 0 0 today at 1 3 % interest. The loan is to be repaid
Fishing Designs has arranged to borrow $ today at interest. The loan is to be repaid with endofyear payments of $
at the end of years through At the end of year the remainder will be paid. What is the year payment? $
Round entry to the nearest dollar. Tolerance is
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