Determine the equal, annual, end¬of¬year payment required over the life of the following loans to repay them fully during the stated term.
Term of Loa
Interest Loan Annual
n
Principal ($)
Rate (%) (Yrs) Payment ($)
A
30 comma 00030,000 77
1818
B
40 comma 00040,000 1717
99
Interest Term of Annual
Loan Principal ($) Еще
