Find the payment necessary to amortize the loan.
11) $ 1500; 6% compounded annually; 7 annual payments 11) _____
A) $ 271.33 B) $ 241.55 C) $ 305.05 D) $ 268.70
11) $ 1500; 6% compounded annually; 7 annual payments 11) _____
A) $ 271.33 B) $ 241.55 C) $ 305.05 D) $ 268.70
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