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Leon Taylor is settling a $ 18,830 loan due today by making 6 equal annual payments of $ 4,073.22. Click here to view factor tables
Leon Taylor is settling a $ 18,830 loan due today by making 6 equal annual payments of $ 4,073.22. Click here to view factor tables What payments must Leon Taylor make to settle the loan at an interest rate of 8%, but with the 6 payments beginning on the day the loan is signed? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)
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