Question: Loan payment Determine the equal, annual, end-of-year payment required each year over the life of the loan shown in the following table to repay it
Loan payment Determine the equal, annual, end-of-year payment required each year over the life of the loan shown in the following table to repay it fully during th stated term of the loan. (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Principal Term of loan (years) $13,000 8% Interest rate 10 The amount of the equal, annual, end-of-year payment, CF, is $(Round to the nearest cent.)
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