You have obtained an interest-only loan of 126027 from td


You have obtained an interest-only loan of $126,027 from TD Bank. The interest rate on the loan is 8% per year. Compute the payment you have to make each year on this loan. Please show all the formulas and calculations.

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Financial Management: You have obtained an interest-only loan of 126027 from td
Reference No:- TGS01368881

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