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(Solved): Langarp Woodcran borrowed money to purchase cquipment. The loan is repaid by making payments of $86 ...




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Langarp Woodcran borrowed money to purchase cquipment. The loan is repaid by making payments of at the end of every jear over nine yeans if interest is 5.97 compounded quarlerty, what was the original loan balance? The oripinal kan balance was ? (Round the finai answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)


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To find the original loan balance  
Lets , use the formula for the present value of an ordinary annu...
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