Question: Calculations and the equations used to solve this question will be best thank you! A loan for 20,000 is to be repaid by 5 year-end

Calculations and the equations used to solve this question will be

Calculations and the equations used to solve this question will be best thank you!

A loan for 20,000 is to be repaid by 5 year-end payments with interest at an annual effective rate of 12%. What is the amount of the annual payment

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