Bathrsquos bank offers you a 61000 eight-year term loan at, Ask an Expert

Finance

Bath’s Bank offers you a $61,000, eight-year term loan at 9.10 percent annual interest.

Required:

What will your annual loan payment be? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92800339

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