You need to repay a loan with a future value of $304,071.00 in 17.5 years.If you can make annual year-end deposits of $12,000 into an account,what annual rate of return would you require to earn enough money to pay the loan in full at the due date?
A)7.92%
B)8.73%
C)4.39%
D)4.30%

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The Answer of You need to repay a loan with a future value of $304,071.00 in 17.5 years.If you can make annual year-end deposits of $12,000 into an account,what annual rate of return would you require to earn enough money to pay the loan in full at the due date?
A)7.92%
B)8.73%
C)4.39%
D)4.30%

You Need to Repay a Loan with a Future Value