You got a loan today of $10,000 for 3 years, annual interest rate is 6%. The annual payment is closest to: a. $2,674 b. $4,020 c. $2,890 O d. $3,741

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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You got a loan today of $10,000 for 3 years, annual interest rate is 6%. The annual payment is closest to:
a. $2,674
b. $4,020
c. $2,890
d. $3,741
Transcribed Image Text:You got a loan today of $10,000 for 3 years, annual interest rate is 6%. The annual payment is closest to: a. $2,674 b. $4,020 c. $2,890 d. $3,741
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