Simple interest method at an annual rate


Robert Martino plans to borrow $8,000 for three years. The loan will be repaid with a single payment after 3 years, and the interest on the loan will be computed using the simple interest method at an annual rate of 12 percent.

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: Simple interest method at an annual rate
Reference No:- TGS050313

Expected delivery within 24 Hours