Question: Suppose James borrows $25,000 as a fixed payment loan from the bank. The interest rate is 10% and the repayment period is 5 years. What

Suppose James borrows $25,000 as a fixed payment loan from the bank. The interest rate is 10% and the repayment period is 5 years. What is the annual fixed payment for this loan? Compute the present value of all the fixed payments for this loan.

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