Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN: 9781947172685
Author: OpenStax
Publisher: OpenStax College
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NOTETOR THE
What payment is required to pay off a $91,000 loan in nine years if the interest rate on the loan is 5.4% compounded Bimonthl
not round intermediate calculations and round your final answers to 2 decimal places.)
Payment Freq
Required
payment
a. Annually
$
b. Semiannually
$
c. Quarterly
$
d. Monthly
$
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Transcribed Image Text:NOTETOR THE What payment is required to pay off a $91,000 loan in nine years if the interest rate on the loan is 5.4% compounded Bimonthl not round intermediate calculations and round your final answers to 2 decimal places.) Payment Freq Required payment a. Annually $ b. Semiannually $ c. Quarterly $ d. Monthly $
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