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Business, 31.03.2020 00:42, Mattorth512345
A bank is negotiating a loan. The loan can either be paid off as a lump sum of $ 150 comma 000 at the end of six years, or as equal annual payments at the end of each of the next six years. If the interest rate on the loan is 8%, what annual payments should be made so that both forms of payment are equivalent
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Answers: 2
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A bank is negotiating a loan. The loan can either be paid off as a lump sum of $ 150 comma 000 at th...
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