Question
Erindale Bank offers you a $56,000, five-year term loan at 7.5% annual interest. What will your annual loan payment be . (Do not round intermediate
Erindale Bank offers you a $56,000, five-year term loan at 7.5% annual interest. What will your annual loan payment be .
(Do not round intermediate calculations. Round the final answer to 2 decimal places.)
Annual loan payment $
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Financial Management For Public, Health, And Not-for-Profit Organizations
Authors: Steven A. FinklerDaniel L. Smith, Thad D. Calabrese
6th Edition
978-1506396811, 150639681X
