Jada is borrowing $40,000 from you today. She agrees to pay you back in annual installments beginning
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Jada is borrowing $40,000 from you today. She agrees to pay you back in annual installments beginning a year from now over eight years, with interest at 3%. What would her annual payment amount be, including both interest and principal?
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40000103 42400 per year 42400 40000 ...View the full answer
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