Question: explain this answer What is the annual payment on a three year loan of $1,000 with an interest of 8%7 $387.90

explain this answer

explain this answer What is the annual payment on
What is the annual payment on a three year loan of $1,000 with an interest of 8%7 $387.90

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Business Writing Questions!