Business, 05.05.2021 18:20 glowbaby123

Columbia Bank & Trust has just given you a $20,000 term loan to pay for a new concrete mixer. The loan requires five equal annual end-of-the-year payments. If the loan provides the bank with a 12 percent return, what will be your annual payments?

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Columbia Bank & Trust has just given you a $20,000 term loan to pay for a new concrete mixer. Th...

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