Mathematics, 11.10.2020 15:01 jenni333
9. A friend of yours would like you to lend him $5,000 today to be paid back in 5 annual payments. What would be the equal annual end-of-year payment on this loan if you charge your friend 7% interest? a. $869.45 b. $1,000.00 c. $1,219.51 d. $1,350.00
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9. A friend of yours would like you to lend him $5,000 today to be paid back in 5 annual payments. W...
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