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Nachos, Inc., expects to invest in a machine that is worth $100,000 today. Assuming the company has to pay off this machine in equal annual instalments (of principal plus interest on the unpaid balance) with the first payment occurring one year from today what would be the payment assuming the interest rate is 10%. Assume that the company has to pay off the loan in 5 years.

$26,378 $30,000 $17,654 $20,968

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