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Loan amount $1.6 Million. Loan duration 20 years. Annual Interest Rate 3.3% The company pays the same amount at the end of each year for

Loan amount $1.6 Million. Loan duration 20 years. Annual Interest Rate 3.3%

The company pays the same amount at the end of each year for 20 years. What is the amount of the yearly payment?

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Glencoe Business And Personal Finance

Authors: McGraw-Hill

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0021400202, 9780021400201

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