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Solving for Annuity Amount per Period Aflack Inc. borrowed $38,000 and agreed to pay off the loan over 5 years by making equal year-end payments,

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Solving for Annuity Amount per Period Aflack Inc. borrowed $38,000 and agreed to pay off the loan over 5 years by making equal year-end payments, compounded annually at 8%. a. What is the annual payment amount? b. What is the annual payment amount if the interest rate increased to 10%? Round answers to the nearest whole dollar. Do not use a negative sign with your answer. a. $ 0 b. $ 0

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