How much should a new graduate pay in 10 equal annual payments, starting 2 years from now, in order to repay a $30,000 loan he has received today? the interest rate is 6% per year. (note: the first payment is made at the end of year 2, so the cash flows are: at initial time = 0; at the end of the first year = 0; at the end of the second year = c, , at the end of the year 10 = c. here "c" denotes the yearly payments. you need to find "c").
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