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Kingsley Toyota borrowed $100,000 from a local bank. The loan requires Kingsley to pay 10 equal annual install?
Kingsley Toyota borrowed $100,000 from a local bank. The loan requires Kingsley to pay 10 equal annual installments beginning one year from today. Assuming an interest rate of 8%, what is the amount of each annual installment payment?
2 Answers
- MohammadLv 79 years agoFavorite Answer
1. As per online calculator at the following site, the annual instalment will be 14,902.95 .
http://www.cleavebooks.co.uk/scol/caloan.htm
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Source(s): . Experience and Yahoo Search: http://www.cleavebooks.co.uk/scol/caloan.htm - ?Lv 64 years ago
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RE :Kingsley Toyota borrowed $100,000 from a local bank. The loan requires Kingsley to pay 10 equal annual install?
Kingsley Toyota borrowed $100,000 from a local bank. The loan requires Kingsley to pay 10 equal annual installments beginning one year from today. Assuming an interest rate of 8%, what is the amount of each annual installment payment?
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Source(s): For Credit and finance solutions I visit this site where you can find all the solutions. http://personalfinancesolutions.info/index.html?sr...
