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Determine the amount of the annual payment

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In December 2019, Fulana bought a new BMW car for $ 60,000 paying $ 15,000 suddenly. She agreed with Bank XYZ to pay the balance making equal annual payments in 6 years, at 9% of interest.

A. Determine the amount of the annual payment that will pay off the debt.

B. Make the amortization table.

Reference no: EM132707569

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