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Save Question 7,12.3.10> points Points: 0 of 1 To finance the development of a new...

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Accounting

Save Question 7,12.3.10> points Points: 0 of 1 To finance the development of a new product, a company borrowed $34,000 at 9% compounded monthly if the loan is to be repaid in equal annually payments over six years and the first payment is due one year after the date of the loan, what is the size of the annual payment?

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