Question: Please help me solve this problem using formulas Loan payment Determine the equal, annual, end-of-year payment required each year over the life of the loan

Please help me solve this problem using formulas

Please help me solve this problem using formulas Loan payment Determine the

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 the stated term of the loan. (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Interest rate Principal $30,000 Term of loan (years) 9 8% The amount of the equal, annual, end-of-year payment, CF, is $ (Round to the nearest cent.)

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