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HELP Please show all the steps! :) If you borrow $32,000 at 10.0% annual compound interest and pay it back with 12 equal annual payments,
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Please show all the steps! :)
If you borrow $32,000 at 10.0% annual compound interest and pay it back with 12 equal annual payments, what will be the size of each payment if the first payment occurs 1 year after borrowing the $32,000 ? \$ Round your answer to 2 decimal places. The tolerance is 1Step by Step Solution
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