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Your company took out an amortizing loan with the following terms: A B 1 Amount 6,000 2 Term (years) 30 3 Interest rate 6% What

Your company took out an amortizing loan with the following terms:

A B
1 Amount 6,000
2 Term (years) 30
3 Interest rate 6%

What is the annual payment (as a positive number)? Use Excel's PMT() function

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