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What size of equal annual payments over five years is required to repay $ 2 , 5 0 0 borrowed today? Consider an interest rate

What size of equal annual payments over five years is required to repay $2,500 borrowed today? Consider an interest rate of 5.25% interest compounded annually.
Group of answer choices
$2815.02
$1416
$581.43
$1255.81

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