Solved: What payments must zach taylor make to settle the loan at, Accounting Basics

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What payments must zach taylor make to settle the loan at

Question - Zach Taylor is settling a $24,000 loan due today by making 6 equal annual payments of $5,837.41.

What payments must Zach Taylor make to settle the loan at the interest rate of 12%, but with the 6 payments beginning on the day the loan is signed?

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Accounting Basics: What payments must zach taylor make to settle the loan at

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Accounting Basics: What payments must zach taylor make to settle the loan at

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