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Suppose you borrow $50,000 at a rate of 5% compounded annuallyand must repay it in 10 equal payments at the end of each of thenext
Suppose you borrow $50,000 at a rate of 5% compounded annuallyand must repay it in 10 equal payments at the end of each of thenext 10 years. If your annual payments are $6,475.23, how much willyou 2 answers
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