Solve the given problem related to savings account

Reference no: EM132043888

Question: Show numerically that a savings account with a current balance of $1,000 that earns interest at 9% annually is precisely sufficient to make the payments on a 3-year loan of $1,000 that carries equal annual payments at 9% interest. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132043888

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