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Please solve this question and please show all the steps of the solution. Thanks Quantum Pizza took out a loan from the bank today for
Please solve this question and please show all the steps of the solution. Thanks
Quantum Pizza took out a loan from the bank today for 26,300 dollars. The loan requires Quantum Pizza to make a special payment of 10,000 dollars to the bank in 3 years and also make regular, fixed payments of X to the bank each year forever. The interest rate on the loan is 5.04 percent per year and the first regular, fixed annual payment of X will be made to the bank in 1 year. What is X, the amount of the regular, fixed annual payment? NumberStep by Step Solution
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