Compute what is the amount of the annual payment

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Problem 1: A loan of $10,000 is being repaid by payments of P at the end of every year for ten years at a nominal rate of interest of 10% compounded quarterly. What is the amount of the annual payment?

Reference no: EM132706472

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Compute what is the amount of the annual payment : P at the end of every year for ten years at a nominal rate of interest of 10% compounded quarterly. What is the amount of the annual payment?
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