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You take out a loan today for $4,636. The interest on the loan is 4.48% compounded annually. You will repay the loan in two equal

You take out a loan today for $4,636. The interest on the loan is 4.48% compounded annually. You will repay the loan in two equal yearly payments starting in year 9 .

How big are the payments? (hint: present value, two times)

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