BRECMBC9 12.III.006. ban officer at a national bank. ble 12-2). (Round your answe BRECMBC9 12.III.008

7. [-110 points] DETAILS BRECMBC9 12.111.006. You have just been hired as a loan officer at a national bank. Your first assignment is to calculate the amount of the periodic payment (in $) required to amortize (pay off) the following loan being considered by the bank (use Table 12-2). (Round your answer to the nearest cent.) Loan Payment Need Help? Payment Term of Nominal Present Value period Loan (years) Rate (%) (Amount of Loan) every year 12 8 $40,000 DETAILS BRECMBC9 12.111.008. 8. [-110 Points] You have just been hired as a loan officer at a national bank. Your first assignment is to calculate the amount of the periodic payment (in $) required to amortize (pay off) the following loan being considered by the bank (use Table 12-2). (Round your answer to the nearest cent.) Loan Payment Need 9. (-110 points] Present Value Nominal Term of payment period Loan (years) Rate (0/0) (Amount Of Loan) $40,000 every month MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER DETAILS BRECMBC912.111.010.Ml.SA.