Use Tables 12-1 and 12-2 from your text to answer the following problems. (Round dollars to the nearest cent)
-Refer to Narrative in your text 12-1. Andy needs to pay off a loan of $8,000 in 5 years. Find the amortization payment he would need to make each year, at 7% interest compounded annually, in order to pay off her loan

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The Answer of Use Tables 12-1 and 12-2 from your text to answer the following problems. (Round dollars to the nearest cent)
-Refer to Narrative in your text 12-1. Andy needs to pay off a loan of $8,000 in 5 years. Find the amortization payment he would need to make each year, at 7% interest compounded annually, in order to pay off her loan

Use Tables 12-1 and 12-2 from Your Text to Answer