can it be solve please Useful Houseware Co. Ltd has received a $35,300 loan from Bank Corporation Limited. The annual payments are $4,589.81. If the company is paying 8.5% interest per year, how many loan payments must the company make? (Note on formatting: Round off to the nearest whole number.)

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 11EB: Whole Leaves wants to upgrade their equipment, and on January 24 the company takes out a loan from...
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can it be solve please

Useful Houseware Co. Ltd has received a $35,300 loan from Bank Corporation Limited. The annual payments are $4,589.81. If the company is paying 8.5% interest per year, how many loan payments must the company make? (Note on formatting: Round off to the nearest whole number.)

Useful Houseware Co. Ltd has received a $35,300 loan from Belize Bank
Corporation Limited. The annual payments are $4,589.81. If the company is
paying 8.5% interest per year, how many loan payments must the company
make? (Note on formatting: Round off to the nearest whole number. Example:
10)
12:24 pm
Transcribed Image Text:Useful Houseware Co. Ltd has received a $35,300 loan from Belize Bank Corporation Limited. The annual payments are $4,589.81. If the company is paying 8.5% interest per year, how many loan payments must the company make? (Note on formatting: Round off to the nearest whole number. Example: 10) 12:24 pm
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