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Dinero Bank offers you a $31,000, 7-year term loan at 12 percent annual interest. Required: What will your annual loan payment be? $6,792.65 $7,009.43 $6,578.67

Dinero Bank offers you a $31,000, 7-year term loan at 12 percent annual interest. Required: What will your annual loan payment be?

  • $6,792.65

  • $7,009.43

  • $6,578.67

  • $3,887.96

  • $7,268.14

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