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What is the size of the equal payments that must be made at the end of each of the next four years to settle a debt of $3000 due four years from now and subject to interest at 10% compounded annually?

 

Any help would be great thanks.

 Nov 13, 2015
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The amount of the 4 equal payments is=$646.41 per year.

 Nov 13, 2015

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