Show numerically that a savings account with a current balance of $1,000 that earns interest at 9 percent annually is precisely sufficient to make the payments on a three-year loan of $1,000 that carries equal annual payments at 9 percent interest.

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The Answer of Show numerically that a savings account with a current balance of $1,000 that earns interest at 9 percent annually is precisely sufficient to make the payments on a three-year loan of $1,000 that carries equal annual payments at 9 percent interest.

Show Numerically That a Savings Account with a Current Balance