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Calculate the annual end-of-year payments

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Reference no: EM133121644

Question - Carters Company Limited, a small transportation organisation, is contemplating borrowing $550,000 from LendUs Bank Ltd to install a new computer system. The annual rate of interest on the loan will be 10% and it is to be repaid over 4 years. Carters Company Limited has asked for the following information to assist with the decision making process. Calculate the annual, end-of-year payments?

Reference no: EM133121644

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