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MA_775_DIABLO [31]
3 years ago
13

Assume a bank loan requires an interest payment of $85 per year and a principal payment of $1,000 at the end of the loan's eight

-year life. What would be the present value of this loan if it carried an 8.5 percent interest rate?
Mathematics
1 answer:
zalisa [80]3 years ago
8 0

Answer:

the answer 57.8

85 x 8 x 8.5% = 57.8

Step-by-step explanation:

brainliest pls

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