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You take out a loan of 5 , 0 0 0 which is to be repaid with only one payment of 5 , 9 4

You take out a loan of 5,000 which is to be repaid with only one
payment of 5,940.50 after 2 years. Or by means of 5 annual
constant payments. If the interest rate is fixed. Calculate the
annual constant payment to be made.

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