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Engineering, 17.08.2021 02:10 gregorio03

A man loans P 187,400 from a bank with interest at 5% compounded annually. He agrees to pay his obligations by paying 8 equal annual payments, the first being due at the end of 10 years. Find the annual payments.

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A man loans P 187,400 from a bank with interest at 5% compounded annually. He agrees to pay his obli...
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