If the bank is charging customers 900 percent apr how much, Financial Management

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If the bank is charging customers 900 percent apr how much

A small business owner visits her bank to ask for a loan. The owner states that she can repay a loan at $2,600 per month for the next three years and then $5,200 per month for two years after that. If the bank is charging customers 9.00 percent APR, how much would it be willing to lend the business owner? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Present value

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Financial Management: If the bank is charging customers 900 percent apr how much

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