Question: please explain the answer. thank you A business man borrowed $ 10,000 with interest at the rate of 5% payable annually. The debt will be

please explain the answer. thank you

A business man borrowed $ 10,000 with interest at the rate of 5% payable annually. The debt will be paid, principal and interest included, by equal payments at the end of each year for 5 years. Compute the annual payment and construct the amortization schedule

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