Question: penon. 5 QUESTION 12 A farmer sets up a loan with the lender. On Feb 1st a farmer takes on a loan of $70,000 at

penon. 5 QUESTION 12 A farmer sets up a loan with the lender. On Feb 1st a farmer takes on a loan of $70,000 at 12% interest per year. He decides to repy the loan in full on May 1st. What is the size of the payment that they need to make (Tipp: you need to calculate the interest and add the principal) For the toolbar, press ALT F10 (PC) or ALT+FN+F10 (Mac). BIU & Paragraph Arial 14px O WORDS POWERED BY TINY

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