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You are about to borrow $5,000 from a bank at an interest rate of 9% compounded annually. You are required to make five equal annual

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You are about to borrow $5,000 from a bank at an interest rate of 9% compounded annually. You are required to make five equal annual repayments in the amount of $1,285.46 per year, with the fint repayment occurring at the end of year one. For each year, show the interest payment and principal payment. Suppose that, to cover some of her college expenses. Su Fei obtained a personal loan from her uncle in the amount of S5.000 (now) to be repaid in two years. If her uncle could earn interest (compounded annually) on his money invested in various sources, what minimum lump-sum payment two years from now would make Su Fei's uncle happy economically

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