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please show bkw to solve this Score: 0 of 1 pt 12 of 16 (8 complete) HW Score: 40.63%, 6.5 of 16 pts P4-20 (similar

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please show bkw to solve this

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Score: 0 of 1 pt 12 of 16 (8 complete) HW Score: 40.63%, 6.5 of 16 pts P4-20 (similar to) Question Help Fully amortized loan (annual payments for principal and interest with the same amount each year). Chuck Ponzi has talked an elderly woman into loaning him $10,000 for a new business venture. She has, however, successfully passed a finance class and requires Chuck to sign a binding contract on repayment of the $10,000 with an annual interest rate of 10% over the next 5 years. Determine the cash flow to the woman under a fully amortized loan, in which Ponzi will make equal annual payments at the end of each year so that the final payment will completely retire the original $10,000 loan. What is the amount of payment that the woman will receive at the end of years 1 through 5? (Round to the nearest cent.) ect: 1

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