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Business, 11.01.2020 02:31 crawford184232323234

Lori borrows $10,000 for 10 years at an annual effective interest rate of 9%. at the end of each year, she pays the interest on the loan and deposits the level amount necessary to repay the principal to a sinking fund earning an annual effective interest rate of 8%. the total payments made by lori over the 10-year period is x. calculate x.

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Lori borrows $10,000 for 10 years at an annual effective interest rate of 9%. at the end of each yea...

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