A business borrows 308965 for 11 years at an annual rate of


A business borrows $308,965 for 11 years at an annual rate of interest of 8.7%. If payments are annual and the loan will negatively amortize by $45,571, what will be the annual payment required? Put your answer in as a positive number.

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Financial Management: A business borrows 308965 for 11 years at an annual rate of
Reference No:- TGS01361429

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