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  3. you want to borrow $10,000. you figure that you ca

You want to borrow $10,000. You figure that you can make the following payments. If...

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Finance

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You want to borrow $10,000. You figure that you can make the following payments. If the interest rate on the loan is 8.5% per year, will your payments be enough to pay off the $10,000 loan? 2 3 4 Year Payment 1 $1,840 $3,090 $3,360 $3,891 (Select from the drop-down menus.) The present value of your payments is the amount of the loan, so you be able to pay off the loan

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