How much will each payment be in given case

Reference no: EM131969578

Question: Elk Ridge Bar and Grill has a seven-year loan of 23200 with Bank of America it plans to repay the loan and 7 equal installments starting today if the rate of interest is 7.10 per cent how much will each payment be? round intermediate calculations to 4 decimal places. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131969578

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