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help with home work please, also excel formula i can try If you borrow 88,000 at 8.53 percent annual compound interest and pay it back

help with home work please, also excel formula i can try

If you borrow 88,000 at 8.53 percent annual compound interest and pay it back with 29 equal payments. what will be the size of each payment if the first payment occurs 1 year(s) after borrowing the money

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