If you borrow $50,000 at an annual interest rate of 12% for six years,what is the annual payment (prior to maturity)on a discount loan?
A)$0.00
B)$6,000.00
C)$8,333.33
D)$12,161.29

Question

Quizplus · Accepted Answer

The Answer of If you borrow $50,000 at an annual interest rate of 12% for six years,what is the annual payment (prior to maturity)on a discount loan?
A)$0.00
B)$6,000.00
C)$8,333.33
D)$12,161.29

If You Borrow $50,000 at an Annual Interest Rate of 12