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you borrow $10,000, with an interest rate of 10%, how much would you need to makeannual payment over the next 4 years? PV of loan
you borrow $10,000, with an interest rate of 10%, how much would you need to makeannual payment over the next 4 years?
PV of loan = 10,000,
i= 10%
N =4
C = annual payment =?
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