Question: please solve it and choose the correct ans. A $3,000 loan will be repaid by annual level payments of $400 at the end of each

please solve it and choose the correct ans.

A $3,000 loan will be repaid by annual level payments of $400 at the end of each year. The effective interest rate is 6%. Determine the drop payment amount. 86 56 106 100 59 65 094

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