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The Anderson Co . wants to borrow $ 1 0 , 0 0 0 at the beginning of each year for 1 5 years at

The Anderson Co

.

wants to borrow $

10, 000

at the beginning of each year for

15

years at

5

percent APR. The firm will repay this money in one lump sum at the end of year

15 .

How much of the firm's loan repayment is due to the $

10, 000

it received in year

6

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