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What will payment be if make the first payment

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Reference no: EM132493258

Question 1: If you borrow $1,800 and agree to repay the loan in four equal annual payments at an interest rate of 10%, what will your payment be?

Question 2: What will your payment be if you make the first payment on the loan immediately instead of at the end of the first year? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Reference no: EM132493258

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