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if you borrow 4 8 , 0 0 0 dollars at 9 . 5 annual compound interest and pay it back within 6 equal annual

if you borrow

48, 000

dollars at

9.5

annual compound interest and pay it back within

6

equal annual payments, what will be thje size of each payment if the first payment occurs one year after borrowing the

48, 000

dollars

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