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Posted on Jul 28, 2024

you borrow $20000 at 10% per year and will pay off the loan in 5 equal annual payments with the first occurring at the end

you borrow $20000 at 10% per year and will pay off the loan in 5 equal annual payments with the first occurring at the end of the 3rd year after rhe loan is made. determine the interest rate and the principal for your payment at the end of year 4.

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