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I am a farmer and I am taking out a loan this year to buy a piece of farmland for $250,000. I want to have

I am a farmer and I am taking out a loan this year to buy a piece of farmland for $250,000. I want to have the land loan paid for in 20 years and I will make annual payment. The interest rate on my loan will be 3.75%. What is my annual loan payment Remember, for a loan, our FV is $0. 1 N: I/Y: PV: PMT: FV: A B 0.00 00:00 I : M GO 2 H
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I am a farmer and I am taking out a loan this year to buy a piece of farmland for $250,000. I want to have the land loan paid for in 20 years and I will make annual payment. The interest rate on my loan will be 3.75%. What is my annual loan payment Remember, for a loan, our FV is $0

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