How much is your outstanding debt after five payments, Microeconomics

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How much is your outstanding debt after five payments

Problem

You borrowed $100,000 with an interest rate of 12% to be paid back with 10 equal end-ofyear payments. How much is your outstanding debt after 5 payments?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: How much is your outstanding debt after five payments

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