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Business, 19.02.2020 22:02 Jadamachado45
Jonathan borrowed $10,000 at 6% annual compound interest. He agreed to repay the loan with five equal annual payments of $2,373.96 at end-of-years 1dash5. How much of the annual payment is interest, and how much principal is there in each annual payment?
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Jonathan borrowed $10,000 at 6% annual compound interest. He agreed to repay the loan with five equa...
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