cedavenport2308 cedavenport2308
  • 13-02-2019
  • Business
contestada

Dinero bank offers you a five-year loan for $58,000 at an annual interest rate of 6.25 percent. what will your annual loan payment be?

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MsTeel
MsTeel MsTeel
  • 13-02-2019

$13,862.77

This is total amount that will be payed once a year for the 5 year term of the loan.

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