Laurier Inc. has borrowed $ 65000 from its bank. The annual interest rate on the loan is 4% compounded annually and the loan is to be paid back in 5 equal annual payments. Calculate the amount of the...


Laurier Inc. has borrowed $ 65000 from its bank. The annual interest rate on the<br>loan is 4% compounded annually and the loan is to be paid back in 5 equal annual<br>payments.<br>Calculate the amount of the required annual loan payments. Round your answer to<br>the nearest dollar.<br>Your Answer:<br>Answer<br>

Extracted text: Laurier Inc. has borrowed $ 65000 from its bank. The annual interest rate on the loan is 4% compounded annually and the loan is to be paid back in 5 equal annual payments. Calculate the amount of the required annual loan payments. Round your answer to the nearest dollar. Your Answer: Answer

Jun 03, 2022
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