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You borrow $10,000 and pay off the loan with four annual payments. The first payment is made one year after receipt of the $10,000 and

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You borrow $10,000 and pay off the loan with four annual payments. The first payment is made one year after receipt of the $10,000 and equals the accrued interest to date: the second payment equals the accrued interest to date: the third payments equals the accured interest to date: and the fourth payment equals the sum of the accured interest to date and the amount borrowed. If interest is 8% compounded annually, what will be the size of each payment

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