Compute the loan payment, On january2, 2017, Jensen company

Compute the loan payment

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Reference no: EM131258173

Compute the loan payment

On january2, 2017, Jensen company borrowed $150,000 from Lyon Country Bank. The terms of the loans agrrement specified 4 equal annual payments at 6% anual interest. Compute the amount of each payment, assuming they begin on December 32,2017.

Reference no: EM131258173

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