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If you borrow $42,000 at 10.0% annual compound interest and pay it back with 13 equal annual payments, what will be the size of each
If you borrow $42,000 at 10.0% annual compound interest and pay it back with 13 equal annual payments, what will be the size of each payment if the first payment occurs 1 year after borrowing the $42,000? $
Round your answer to 2 decimal places.
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