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Home Q & A Board Other Fields Homework Help Business Management
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stranahan stranahan
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7 years ago
If you borrow $50,000 at an annual interest rate of 12% for six years, what is the annual payment (prior to maturity) on a fully amortized loan?
A) $0.00
B) $8,333.33
C) $6,000.00
D) $12,161.29
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
Author:
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flappunctualflappunctual
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7 years ago
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stranahan Author
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#2
7 years ago
Thank you for  the help. I had a few questions on a few of them and this really confirmed my answers.
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