Question 9 10 pts Consider a $25,000, three-year loan at an interest rate of 4%, payments...

Question

Question

business finance

Answer 1

Answer #1

rate positively ....


we have to use financial calculator to solve this
put in calculator -

FV		0
PV		-25000
I	4%/12	0.333%
N	3*12	36


Compute PMT		$738

therefore answer =		$738.10

Answer 2

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