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You borrow $10,000 with an interest rate of 6% per year to purchase a car. You make 3 equal annual payments for 3 years, with

You borrow $10,000 with an interest rate of 6% per year to purchase a car. You make 3 equal annual payments for 3 years, with the first payment due at the end of the 1st year. How much is each payment? What if the first payment is due today?

Need to know how this is done on a financial calculator. Assume face value = 1000

I think its n=3, i/yr = 6, pv = -10000, fv = 1000, pmt = ?

is this correct?

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