IDNLearn.com provides a collaborative environment for finding and sharing answers. Get accurate and timely answers to your queries from our extensive network of experienced professionals.

Meals for the Homeless borrowed $10,000 to buy kitchen equipment. It used a mortgage arrangement with a bank, agreeing to repay the full amount plus interest at a 6 percent rate in 10 annual installments. How much will it pay the bank (including interest and capital) each year?