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Posted on Sep 30, 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.

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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