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A japanese car maker plans to expand its production in the

A Japanese car maker plans to expand its production in the United States. The company borrowed $189,969,147 for this expansion at an interest rate of 8% per year. The loan will be repaid in equal payments at the end of each year over a 15-year period. What is the amount of the annual payment?

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Business Economics: A japanese car maker plans to expand its production in the

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