Solution-How much will they need to save each year

How much will they need to save each year

Reference no: EM132531658

If you borrow $2,800 and agree to repay the loan in five equal annual payments at an interest rate of 12%, what will your payment be?

What will your payment be if you make the first payment on the loan immediately instead of at the end of the first year?

Reference no: EM132531658

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How much will they need to save each year

Reference no: EM132531658

Reference no: EM132531658

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