Question: Homework: Unit 7 Lab Assignment Score: 0 of 4 pts 1 of 10 (9 complete) XProblem 4.LO4.12 Determine the equal, annual, end-of-year payment required over

Homework: Unit 7 Lab Assignment Score: 0 of 4 pts 1 of 10 (9 complete) XProblem 4.LO4.12 Determine the equal, annual, end-of-year payment required over the life of the following loans to repay them fully during the stated term. Interest Term of Annual Principal ($) Rate (%) 50,000 Loan Loan (Yrs) Payment (S) A 8 20 80,000 16 6 Interest Rate (%) Term of Loan (Yrs) Annual Loan Principal (S) Payment ($) (Round to the nearest cent.) A 50,000 20 Enter your answer in the answer box and then click Check Answer. part remaining 1 Clear All Type here to search

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