Solution-What is the amount of the first annual payment

What is the amount of the first annual payment

Reference no: EM133121630

Question - Hometown Builders is borrowing $195,000 today for four years. The loan is an interest-only loan with an APR of 7.65 percent. Payments are to be made annually. What is the amount of the first annual payment?

Reference no: EM133121630

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What is the amount of the first annual payment : The loan is an interest-only loan with an APR of 7.65 percent. Payments are to be made annually. What is the amount of the first annual payment

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What is the amount of the first annual payment

Reference no: EM133121630

Reference no: EM133121630

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