Question: Jack has borrowed $1,000,000 from MO Bank for 10 years at an interest rate of -4.19%. He will make 10 annual repayments. According to the

 Jack has borrowed $1,000,000 from MO Bank for 10 years at

Jack has borrowed $1,000,000 from MO Bank for 10 years at an interest rate of -4.19%. He will make 10 annual repayments. According to the loan agreement, Jack's repayments wil $92.000 for the first two years followed by payments of with the amount of X per year for the remaining eight years. This loan needs to be fully repaid by the end of 10 years. Assume that all annual repayments will be paid at the end of each year (the first payment will be at the end of the first what is the value of lacks' annual payment amount X (rounded to four decimal places)? Select one: 123790.6367 6.124030.4557 1547554173 O d. 143816201

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