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JOHN BORROWS $14000 FROM THE SAVINGS AND LOAN AT A COMPOUND INTEREST RATE OF 5%/YR. HE...

JOHN BORROWS $14000 FROM THE SAVINGS AND LOAN AT A COMPOUND INTEREST RATE OF 5%/YR. HE WILL PAY BACK THE LOAN IN EQUAL ANNUAL PAYMENTS OVER A 4- YEAR PERIOD. BERTHA BORROWS $10,000 FROM SETH, WHO IS JOHN’S BROTHER.  

-DETERMINE THE EQUAL ANNUAL PAYMENTS

- SUMMARIZE JOHN’S FINANCIAL POSITION IN BULLET OUTLINE FORMAT

         - BORROWS: $14000

         -

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Rahul Sunny answered 1 year ago
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