A business borrows 52000 dollars at an effective rate of interest of 9 percent. The loan is to be repaid with 10 equal a
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A business borrows 52000 dollars at an effective rate of interest of 9 percent. The loan is to be repaid with 10 equal a
A business borrows 52000 dollars at an effective rate of interest of 9 percent. The loan is to be repaid with 10 equal annual pay- ments, the first coming a year from now. How much is each annual payment?
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