Business, 23.07.2020 02:01 101EXPERIENCE

Tony borrrows $20 000. He aggrees to repay this loan with 15 equal annual payments with the first payment to commence at the end of 5 years. The annual effective rate of interest on the loan is 4%. calculate the amount of annual payments

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Tony borrrows $20 000. He aggrees to repay this loan with 15 equal annual payments with the first pa...

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