Question: Loan payment Determine the equal, end-of-year payment required each year over the life of the loans shown in the following table to repay them fully

Loan payment Determine the equal, end-of-year payment required each year over the life of the loans shown in the following table to repay them fully during the stated term of the loan. Loan Principal Interest rate Term of loan (years) A $12,000 8% 3 B 60,000 12 10 C 75,000 10 30 D 4,000 15 5

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