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What payments must Newman Taylor make to settle the loan

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Reference no: EM132478184

Question - Newman Taylor is settling a $20,280 loan due today by making 6 equal annual payments of $4,656.44.

What payments must Newman Taylor make to settle the loan at an interest rate of 10%, but with the 6 payments beginning on the day the loan is signed?

Reference no: EM132478184

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