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Posted on May 16, 2024

Jill borrows $500,000 at 10 percent annually compounded interest to be repaid in five equal annual installments.The actual endofyear payment is a. $131,899.c. $160,482 b.

Jill borrows $500,000 at 10 percent annually compounded interest to be repaid in five equal annual installments.The actual endofyear payment is

a. $131,899.c. $160,482

b. $152,760.d. $136,380

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