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On January 1, 2020, Albert borrowed $100,000 from the ASU Bank. The terms of the loan agreement specified five (5) equal annual payments at

On January 1, 2020, Albert borrowed $100,000 from the ASU Bank. The terms of the loan agreement specified five (5) equal annual payments at 10%. What is the amount of each of these payments, assuming, they begin on December 31, 2020? (Round answer to nearest dollar) O$25,709. $26.380. $20,000. O$23,586.

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