Question: need the steps to get that correct answer [5 points] When you purchased your car, you took out a five-year annual-payment loan with an interest

need the steps to get that correct answer

[5 points] When you purchased your car, you took out a five-year annual-payment loan with an interest rate of 5% per year. The annual payment is $10,000. You have just made the second payment yesterday and have decided to pay off the outstanding balance on the loan. What is the payoff amount today

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