Find the payment necessary to amortize the loan.
-$2 500; $6 \%$ compounded annually; 7 annual payments
A) $\$ 508.41$
B) $\$ 452.21$
C) $\$ 402.59$
D) $\$ 447.84$

Question

Quizplus · Accepted Answer

The Answer of Find the payment necessary to amortize the loan.
-$2 500; $6 \%$ compounded annually; 7 annual payments
A) $\$ 508.41$
B) $\$ 452.21$
C) $\$ 402.59$
D) $\$ 447.84$

Find the Payment Necessary to Amortize the Loan 6%6 \%6% Compounded Annually; 7 Annual Payments A)

Find the Payment Necessary to Amortize the Loan $6 \%$ Compounded Annually; 7 Annual Payments
A)