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You purchase an asset for SAR 30,000. You agree to pay the amount over the next 10 years in 10 equal end-of-the-year payments at 13%

You purchase an asset for SAR 30,000. You agree to pay the amount over the next 10 years in 10 equal end-of-the-year payments at 13% compound interest. What will be the amount of each payment?

Select one:

a. SAR 5,528.69

b. SAR 5,825.69

c. SAR 5,258.69

d. SAR 636,043.6

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