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Please do NOT use other peoples work on this site. they got this question wrong for me. Please explain all steps thanks big brothers, inc.
Please do NOT use other peoples work on this site. they got this question wrong for me. Please explain all steps thanks
big brothers, inc. borrows $66,737 from the bank at 18.15 percent per year, compounded annually, to purchase new machinery. This loan is to be repaid in equal annual installments at the end of ech year over the next 8 years. How much will each annual payment be?
round nearst 2nd decimal
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