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Suppose you take a 9 year loan of $15,000 with an interest rate of 13% and annual payments starting at the end of year 1.
Suppose you take a 9 year loan of $15,000 with an interest rate of 13% and annual payments starting at the end of year 1. What are the annual loan payments? Enter your response below. 2923.03 Correct response: 2,923.0301 Click "Verify" to proceed to the next part of the question. The loan payments are $2923.03 per year. Suppose you decide to pay off the loan at time 3. How much would you have to pay (including the time 3 payment), assuming there are no penalties for early repayment? Enter your response below. Number
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