Calculate the end of the year payment

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Janice Borrows $25,000 from the bank at 15 percent to be repaid in 10 equal annual installments. Calculate the end of the year payment.

Reference no: EM13262910

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Calculate the end of the year payment : Janice Borrows $25,000 from the bank at 15 percent to be repaid in 10 equal annual installments. Calculate the end of the year payment.
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