If the loan is to be repaid with annual payments how much
Assume that one will take out a $ 20,000 loan. The Annual Interest Rate is 6%, and the loan is to be paid off in 2 years. If the loan is to be repaid with annual payments, how much will each annual payment need to be ?
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assume that one will take out a 20000 loan the annual interest rate is 6 and the loan is to be paid off in 2 years if
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