Show the interst payment and principle payment

Reference no: EM13303611

you are about to borrow $5000 from a bank at an interest rate at 9% compunded annually. you are required to make 5 equal annual repayment in the amount of $1285.46 per year, with the first repayment occuring at teh end of the year one. for each year, show the interst payment and principle payment.

Reference no: EM13303611

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