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plz help asap If you borrow $9,000 with an interest rate of 5 percent, to be repaid in five equal yearly payments at the end
plz help asap
If you borrow $9,000 with an interest rate of 5 percent, to be repaid in five equal yearly payments at the end of the next five years, what would be the amount of each payment? Use the appropriate factor(s) from the tables provided (Exhibit 1-A. Exhibit 1.B. Exhibit 1-C, Note: Use appropriate factor(s) from the tables provided. Round time value factor to 3 decimal places and final answer to 2 decimal places Step by Step Solution
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