Baileybug1926 Baileybug1926

12-10-2022
Business

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you have a loan outstanding. it requires making annual payments of each at the end of the next years. your bank has offered to allow you to skip making the next payments in lieu of making one large payment at the end of the loan's term in years. if the interest rate on the loan is , what final payment will the bank require you to make so that it is indifferent to the two forms of payment?

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