Big Brothers, Inc. borrows $370,913 from the bank at 8.66 percent per year, compounded annually, to...

Big Brothers, Inc. borrows $370,913 from the bank at 8.66 percent per year, compounded annually, to purchase new machinery. This loan is to be repaid in equal annual installments at the end of each year over the next 6 years. How much will each annual payment be?

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jeff jeffy answered 10 months ago

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