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betterway betterway
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7 years ago
Hayley makes annual end-of-year payments of $6,260.96 on a five-year loan with an 8 percent interest rate. The original principal amount was ________.
A) $31,000
B) $30,000
C) $25,000
D) $20,000
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
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alovelyalovely
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7 years ago
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"It is better to fail in originality than to succeed in imitation."

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betterway Author
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7 years ago
Thanks
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You make an excellent tutor!
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This site is awesome
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