Question: 4 - E . Jonathan borrowed $ 1 0 , 0 0 0 at 6 % annual compound interest. He agreed to repay the loan

4-E. Jonathan borrowed $10,000 at 6% annual compound interest. He agreed to repay the loan with five equal annual payments of $2,374 at end-of-years 1-5. How much of the annual payment is interest, and how much principal is there in each annual payment?
4-E. Jonathan borrowed $10,000 at 6% annual compound interest. He agreed

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