Multiple Choice
Donna makes annual end-of-year payments of $5,043.71 on a four year loan with an interest rate of13 percent. The original principal amount was ________ .
A) $ 3,092
B) $15,000
C) $24,462
D) $20,175
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q104: The ordinary annuity is an annuity for
Q105: The effective rate of interest and compounding
Q106: The future value of $200 received today
Q107: If the present value of a perpetual
Q108: If a Canada Savings bond can be
Q110: A perpetuity is a series of constant
Q111: The future value of $200 received today
Q112: Future Value Interest Factor Annuity (FVIFA) is
Q114: $100 is received at the beginning of
Q158: Future value is the value of a