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April 20, 2014

Homework Help: Business Math

Posted by Jordan on Sunday, February 17, 2013 at 3:08pm.

If Wilma borrows $5,000 from her brother (at 5% interest per year) and the loan matures in 10 years, how much will she have to pay annually to pay the loan off in 10 years? How much will she have to pay annually to pay the loan off in four years?

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