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What will be your annual payment if you take a loan of $130,000 now with annual equal repayments over the next 8 years? i- 6%.

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What will be your annual payment if you take a loan of $130,000 now with annual equal repayments over the next 8 years? i- 6%. (Round answer to O decimal ploces, es. 5,275 Annual payment eTextbook and Media Attempts: 0 of 3 used (e) You take out a loan in the amount of $230,000 with annual equal repayments over the next 20 years. What is the balance of the loan after the 5 th payment?i =6%. (Round answer to 0 decimol places, es. 5,275.) Balance of the foan

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