Shirley borrows $10,000 from Second National Bank at 12% interest. Shirley will repay the loan in...
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Shirley borrows $10,000 from Second National Bank at 12% interest. Shirley will repay the loan in five equal payments beginning at the end of year 1. What is the annual amount that Shirley will pay the bank each year? Round your answer to the nearest dollar. O $2,774 O $2,133 O $1,333 $1,266 Shirley borrows $10,000 from Second National Bank at 12% interest. Shirley will repay the loan in five equal payments beginning at the end of year 1. What is the annual amount that Shirley will pay the bank each year? Round your answer to the nearest dollar. O $2,774 O $2,133 O $1,333 $1,266
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