Calculate the annual-end-of-year loan payment


Jill borrowed $15,000 at a 14% annual rate of interest to be repaid over 3 years. The loan is amortized into three equal, annual, end-of-year payments. Calculate the annual, end-of-year loan payment.

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Finance Basics: Calculate the annual-end-of-year loan payment
Reference No:- TGS0680398

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