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Kingsley Toyota borrowed $120.000 from a local bank. The loan requires Kingsley to pay 10 equal annual installments beginning one year from today. Assume an

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Kingsley Toyota borrowed $120.000 from a local bank. The loan requires Kingsley to pay 10 equal annual installments beginning one year from today. Assume an interest rate of 7% What is the amount of each annual installment payment? (FV of $1. PV of $1. FVA of $1 PVA of S1, FVAD of Stand PVAD of $1 (Use appropriate factor(s) from the tables provided.) (Round your final answers to nearest whole dollar amount.) Table or calculator function Loan Amount Loan Payment

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