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0,500 with an interest rate of 5 percent to be repaid in five equal payments at the end of the next 5 years, what would be the amount of each payment?...

If I borrow $10,500 with an interest rate of 5 percent to be repaid in five equal payments at the end of the next 5 years, what would be the amount of each payment?Exhibit 1-D.jpg (Round your PVA factor to 3 decimal places and final answer to 2 decimal places.)

Exhibit 1-D.jpg

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Using Present value factor for... View the full answer

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