Multiple Choice
Suppose you borrowed $12,000 at a rate of 9% and must repay it in 4 equal installments at the end of each of the next 4 years.By how much would you reduce the amount you owe in the first year?
A) $2,492.82
B) $2,624.02
C) $2,755.23
D) $2,892.99
Correct Answer:
Verified
Correct Answer:
Verified
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