This assignment will allow you to demonstrate the following objectives:· Calculate the annual payment on a loan using the present value of an annuity.· Use discounting to determine the present value of an annuity.· Calculate the future value of an annuity and periodic annuity payments.· Determine the present value of a bond.Instructions: Answer the questions directly on this document. When you are finished, select Save As, and save the document using this format: Student ID_UnitIV. Upload this document to BlackBoard as a .doc, docx, or .rtf file. Show all of your work.
Calculate the annual payment on a loan
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