South Penn Trucking is financing a new truck with a loan of $ 1 0 , 0 0 0 to be repaid in 5 annual end of year installments of $ 2 , 5 0 4 5 6 What annual interest rate is the company paying a 7 b 8 c 9 d 1 0 ...

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South Penn Trucking is financing a new truck with a loan of $ 1 0 , 0

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Question:

South Penn Trucking is financing a new truck with a loan of $

10, 000

to be repaid

5

annual end

-

-

year installments of $

2, 504.56 .

What annual interest rate is the

company paying?

. 7 %

. 8 % *

. 9 %

. 10 %

Posted Date: May 18, 2024 09:16 PM

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South Penn Trucking is financing a new truck with a loan of $ 1 0 , 0

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