John Doeber borrowed $150,000 to buy a house. His loan cost was 6% and he promised to repay the loan in 10 equal annual payments. What are John's annual payment amounts?

$20,380.16

Explanation:

in order to find the annual payment, we can use the present value of an annuity formula:

present value = annual payment x PV annuity factor

annual payment = present value / annuity factor = $150,000 / 7.3601 = $20,380.16

answer; /// the use of a bank credit card to make purchase;

answer(d) the growth of consumption is likely to remain sluggish even as the economy begins to recover.;