document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1201070>Question 1201070</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A business borrows 56000 dollars at an effective rate of interest of 7.3 percent. The loan is to be repaid with 14 equal annual payments, the first coming a year from now. How much is each annual payment? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #835318 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=835318\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> payments at the end of each year = 6,519.00<BR>\n" );
document.write( "calculator used is at <a  rel=nofollow HREF= \"https://arachnoid.com/finance/\" target = \"_blank\">https://arachnoid.com/finance/</a><BR>\n" );
document.write( "resuls are shown below:<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" src = \"http://theo.x10hosting.com/2023/031901.jpg\"><BR>\n" );
document.write( "present value is positive because it's money received.<BR>\n" );
document.write( "payments are negative because it's money spent.<BR>\n" );
document.write( "interest rate is 7.3% per year.<BR>\n" );
document.write( "number of years is 14.<BR>\n" );
document.write( "payments are made at the end of each year.<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );