Question: You plan to borrow $492,000 now and repay it in 10 equal annual installments (payments will be made at the beginning of each year). If

You plan to borrow $492,000 now and repay it in 10

You plan to borrow $492,000 now and repay it in 10 equal annual installments (payments will be made at the beginning of each year). If the annual interest rate is 15%, how much will your annual payments be? $99,724.20 O $98,032.01 $121,614.88 $85,245.23 $119,599.06

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