Business, 12.02.2020 03:17 PresleyPie9452
A bank just approved your small business loan for $25,000. The loan has an interest rate of 10.5% and will be repaid with 10 end-of-year payments. What is the required annual loan payment?
a.$2980.59 b.$4156.43 c.$3396.03 d.$3642.15 e.$4572.23
Answers: 3
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A bank just approved your small business loan for $25,000. The loan has an interest rate of 10.5% an...
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