Malcolm jones borrowed 15000 at a 14 percent annual


Malcolm Jones borrowed $15,000 at a 14 percent annual interest rate to be repaid over three 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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Financial Management: Malcolm jones borrowed 15000 at a 14 percent annual
Reference No:- TGS01711606

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