The st louis corporation borrows 50000 from a financial, Finance Basics

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The st louis corporation borrows 50000 from a financial

The St. Louis Corporation borrows $50,000 from a financial institution. The agreement is that it will pay 5.75% interest annually and it will pay off the loan in five equal installments at the end of each year. What will be the amount of the payments?

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Finance Basics: The st louis corporation borrows 50000 from a financial

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