The elkridge bar amp grill has a seven-year loan of 29400


The Elkridge Bar & Grill has a seven-year loan of $29,400 with Bank of America. It plans to repay the loan in seven equal installments starting today. If the rate of interest is 6.90 percent, how much will each payment be?

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Finance Basics: The elkridge bar amp grill has a seven-year loan of 29400
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