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You are thinking about buying a piece of art that costs $. The art dealer is proposing the following deal: He will lend you the
You are thinking about buying a piece of art that costs $. The art dealer is proposing the following deal: He will lend you the money, and you will repay the loan by making the same payment every years for the next years (i.e., a total of payments). If the interest rate is per year, how much will you have to pay every years
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