Solution-What is the total payment due for year 3 of this

What is the total payment due for year 3 of this loan

Reference no: EM132381153

Jeffries & Sons is borrowing $95,000 for four years at an APR of 7.05 percent. The principal is to be repaid in equal annual payments over the life of the loan with interest paid annually. Payments will be made at the end of each year. What is the total payment due for Year 3 of this loan?

Reference no: EM132381153

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What is the total payment due for year 3 of this loan

Reference no: EM132381153

Reference no: EM132381153

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