Determine the annual payment on a business loan

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Reference no: EM13334720

Determine the annual payment on a $500,000, 12 percent business loan from a commercial bank that is to be amortized over a five-year period.

Reference no: EM13334720

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Determine the annual payment on a business loan : Determine the annual payment on a $500,000, 12 percent business loan from a commercial bank that is to be amortized over a five-year period.

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