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SAT, 05.10.2021 09:40 destinywashere101

a bank is negotiating a loan. the loan can either be paid off as a lump sum of at the end of years, or as equal annual payments at the end of each of the next years. if the interest rate on the loan is %, what annual payments should be made so that both forms of payment are equivalent?

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a bank is negotiating a loan. the loan can either be paid off as a lump sum of at the end of years,...
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