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Please show the steps to calculate X 5.3.17 A borrower had a loan of $10,000.00 at 6% compounded annually, with 9 annual payments. Suppose the

image text in transcribed Please show the steps to calculate

X 5.3.17 A borrower had a loan of $10,000.00 at 6% compounded annually, with 9 annual payments. Suppose the borrower paid off the loan after 5 years. Calculate the amount needed to pay off the loan. The amount needed to pay off this loan after 5 years is $. (Round to the nearest cent as needed.)

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