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Your company is buying machinery for $400,000 with a 5-years loan having monthly payments. If the interest rate is 8.8%, what is the payment on

Your company is buying machinery for $400,000 with a 5-years loan having monthly payments. If the interest rate is 8.8%, what is the payment on the loan? $7,423.92 $8,264.57 $6,128.92 $5,023.57
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Your company is buying machinery for $400,000 with a 5 -years loan having monthly payments. If the interest rate is 8.8%, what is the payment on the loan? $7,423.92 $8,264.57 $6,128.92 $5,023.57

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