jonathan borrowed $10,000 at % annual compound interest. he agreed to repay the loan with five equal annual payments of $2,373.96 at end-of-years 15. how much of the annual payment is interest, and how much principal is there in each annual payment?

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05-10-2022
Business

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jonathan borrowed $10,000 at % annual compound interest. he agreed to repay the loan with five equal annual payments of $2,373.96 at end-of-years 15. how much of the annual payment is interest, and how much principal is there in each annual payment?

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