Business, 26.08.2021 01:20 izzyisawesome5232

Giovanna will be borrowing $80,000 today to open her own business, and she will pay it back with 16 yearly payments starting one year from today. If the effective annual interest rate is 14%, how much will the first payment be if the amount of principal reduced each year is constant

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Giovanna will be borrowing $80,000 today to open her own business, and she will pay it back with 16...

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