Show only the final result. You borrow $10,000 at an interes…
Show only the final result. You borrow $10,000 at an interest rate of 10% compounded annually to make a purchase. Equal payments will be made over a three-year period with each payment made at the end of the corresponding year. What is the amount of the annual payment? Present your final answer in whole cents (or two digits after the decimal point).
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