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This loan is to be repaid in equally annual installments at

Big Brothers, Inc. borrows $169,634 from the bank at 19.49 percent per year, compounded annually, to purchase a new machinery. This loan is to be repaid in equally annual installments at the end of each year over the next 8 years. How much will each annual payment be?

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Financial Management: This loan is to be repaid in equally annual installments at

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Financial Management: This loan is to be repaid in equally annual installments at

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