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Business, 18.02.2021 21:30 barnettboy76

Jonathan borrowed​ $10,000 at 6​% annual compound interest. He agreed to repay the loan with five equal annual payments of​ $2,373.96 at​ end-of-years 1–5. How much of the annual payment is​ interest, and how much principal is there in each annual​ payment?

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Jonathan borrowed​ $10,000 at 6​% annual compound interest. He agreed to repay the loan with five eq...
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