Question: You need $ 1 8 , 0 0 0 to purchase a used car. Your wealthy uncle is willing to lend you the money as

You need $18,000 to purchase a used car. Your wealthy uncle is willing to lend you the money as an amortized loan. He would like you to make annual payments for 4 years, with the first payment to be made one year from today. He requires a 9% annual return.

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