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Please answer the question in the attachment. 37. Annuity Due. (LO5-3) a. If you borrow $1,000 and agree to repay the loan in five equal

Please answer the question in the attachment.

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37. Annuity Due. (LO5-3) a. If you borrow $1,000 and agree to repay the loan in five equal annual payments at an interest rate of 12%, what will your payment be? b. What will your payment be if you make the first payment on the loan immediately instead of at the end of the first year

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