Question: Jason borrows $ 5 0 , 0 0 0 from his father and promises to pay it back over the next 1 0 years, making

Jason borrows $50,000 from his father and promises to pay it back over the next 10 years, making equal annual end of year payments. calculate the amount of each payment, interest payment, principal payment, and balance for first three years if the annual interest rate is 9%

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