Business, 25.08.2021 21:20 AdoNice

Axl will be borrowing $150,000 today to buy a house, and he will pay it back with 20 yearly payments starting one year from today. If the effective annual interest rate is 9%, how much will the final payment be if the annual payments are constant

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Axl will be borrowing $150,000 today to buy a house, and he will pay it back with 20 yearly payments...

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