A loan of 100000 is to be repaid in 10 annual payments, Ask an Expert

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A loan of $100,000 is to be repaid in 10 annual payments beginning 1 year from the date of the loan. the first payment is to be twice as large as the others. for the first four years, interest is 6% (effective for both). the remainder of the term has interest of 5%. find the amount of the first payment.

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Financial Management, Finance

Category:- Financial Management
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