Meals for the Homeless borrowed $ 10,000 to buy kitchen equipment. It used a mortgage arrangement with

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Meals for the Homeless borrowed $ 10,000 to buy kitchen equipment. It used a mortgage arrangement with a bank, agreeing to repay the full amount plus interest at a 6 percent rate in 10 annual installments. How much will it pay the bank each year?
A. Solve using a spreadsheet program such as Excel.
B. Solve using a financial calculator.

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