Bath’s Bank offers you a $68,000, six-year term loan at 9.80 percent annual interest. Required: What will your annual loan payment be? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Annual loan payment $.

Answer rating: 100% (QA)

FUTURE VALUE INTEREST FACTOR ANNUITY1i ... View the full answer