What is the annual payment? If the loan is paid off early, at the end of the

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What is the annual payment?

If the loan is paid off early, at the end of the third year, what would the payment be?

Loan 250,000

Loan term 5 years

Interest rate 4.04%

The loan in question is a term loan and is to be repaid in equal annual installments.

Related Book For answer-question

Intermediate Financial Management

ISBN: 978-1111530266

11th edition

Authors: Eugene F. Brigham, Phillip R. Daves

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Posted Date: Apr 02, 2024 03:36 AM

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What is the annual payment? If the loan is paid off early, at the end of the

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To calculate the annual payment for a loan of 250000 with a 5year term and an interest rate of 404 w... View the full answer

Intermediate Financial Management

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