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Each of the four payments must be paid at the end of the

Question - Chester borrows $50,000 from the Mighty Bank today and the Bank requests her to repay her loan in four equal payments along with 10% interest. Each of the four payments must be paid at the end of the next two years. What is the amount of each payment? Please round to the nearest whole number.

$28,810 plus 10% interest

None of the other alternatives are correct

$15,106 plus 10% interest

$28,810

$15,106

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Accounting Basics: Each of the four payments must be paid at the end of the

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