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If you borrow $ 3 0 , 0 0 0 at 7 . 0 % annual compound interest and pay it back with 6 equal

If you borrow $30,000 at 7.0% annual compound interest and pay it back with 6 equal annual payments, what will be the size of each
payment if the first payment occurs 1 year after borrowing the $30,000? $
Round your answer to 2 decimal places. The tolerance is +-1.
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