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What payments must zach taylor make

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Reference no: EM13299406

Zach Taylor is settling a $30,000 loan due today by making 6 equal annual payments of $7,091.29.

What payments must Zach Taylor make to settle the loan at the interest rate of 11%, but with the 6 payments beginning on the day the loan is signed?(Round answer to 2 decimal places, e.g. 2,250.25. Hint: Use tables in text.)

Reference no: EM13299406

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