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Henry Taylor is settling a $19,570 loan due today by making 6 equal annual payments of $4,625.89. Click here to view factor tables What payments must Henry Taylor make to settle the loan at an interest rate of 11%, but with the 6 payments beginning on the day the loan is signed? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to O decimal places, e.g. 458,581.) Payments $

Henry Taylor is settling a $19,570 loan due today by making 6 equal annual payments of $4,625.89. Click here to view factor tables What payments must Henry Taylor make to settle the loan at an interest rate of 11%, but with the 6 payments beginning on the day the loan is signed? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to O decimal places, e.g. 458,581.) Payments $

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Henry Taylor is settling a $19,570 loan due today by making 6 equal annual payments of $4,625.89. Click here to view factor tables What payments must Henry Taylor make to settle the loan at an interest rate of 11%, but with the 6 payments beginning on the day the loan is signed? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to O decimal places, e.g. 458,581.) Payments $
Transcribed Image Text:Henry Taylor is settling a $19,570 loan due today by making 6 equal annual payments of $4,625.89. Click here to view factor tables What payments must Henry Taylor make to settle the loan at an interest rate of 11%, but with the 6 payments beginning on the day the loan is signed? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to O decimal places, e.g. 458,581.) Payments $
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