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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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