Explain how much will she have to pay annually

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If Wilma borrows $5000 from her brother (at 5% interest per year) as well as the loan matures in 10 years how much will she have to pay annually to pay the loan off in 10 years? Explain how much will she have to pay annually to pay the loan off in four years? Show all wok or calculations or formulas. You may use a financial calculator however must identify your methodology

Reference no: EM1378699

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