Question: Pockets lent $ 2 7 , 0 0 0 to Lego Construction on January 1 , 2 0 2 4 . Lego signed a three

Pockets lent $27,000 to Lego Construction on January 1,2024. Lego signed a three-year, 5% installment note to be paid in three equal payments at the end of each year. Required: Calculate the amount of one installment payment.

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