Five annual payments at an interest rate of 9% aremade to

Chapter , Problem 4-139

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Five annual payments at an interest rate of 9% aremade to repay a loan of $6000. Build the tablethat shows the balance due, principal payment, andinterest payment for each payment. What is theannual payment? (Use a spreadsheet function, notthe tables.) What interest is paid in the last year?

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