You just took out a $12,000 loan for your small
business. The loan has a 4 year term and repayment is in the form of 4 equal
end-of-year payments. The interest rate on the loan is 11.5%. What are your
annual loan payments?
Thank you for the opportunity to help you with your question!
12000/4=3000 per year
annual payment is 345+3000=3345$
This is not one of the mutiple choice answers given again?
give me the multiples please
That is incorrect too
$3909.29/ $3867.92/ $3144.83/ $3246.84/ $3287.78
okay let me give you the answer i see now
send another one someone is working on that am free
Okay, give me a few minutes. I can only get 1 question at a time
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