Annie's restaurant obtained an interest-only loan with a principal amount of $1,000, annual payments for 8 years,

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Annie's restaurant obtained an interest-only loan with a principal amount of $1,000, annual payments for 8 years, and an annual interest rate of 8 percent. What is the amount of the loan payment in Year 8?

Posted Date: May 18, 2024 05:08 PM

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Annie's restaurant obtained an interest-only loan with a principal amount of $1,000, annual payments for 8 years,

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