(Amount of an ordinary annuity) How much must you pay at the end of each year...

(Amount of an ordinary annuity) How much must you pay at the end of each year to repay a $50,000, 14% annual interest rate loan if you must make: Using excel

a. 10 payments?

b. 15 payments?

c. 20 payments?

d. 30 payments?

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Expert Solution

jeff jeffy answered 1 year ago

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