Question
9. Dinero Bank offers you a five-year loan for $57,000 at an annual interest rate of 6.5 percent. What will your annual loan payment be?
9.
| Dinero Bank offers you a five-year loan for $57,000 at an annual interest rate of 6.5 percent. What will your annual loan payment be? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) |
| Annual loan payment | $ |
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Options Futures And Other Derivatives
Authors: John C. Hull
9th Edition
0133456315, 9780133456318
