Multiple Choice
Solve the problem.
-Find the periodic payment of a loan with present value $161,000 and an annual interest rate 5% for a term of 24 years, with payments made and interest charged 12 times per year.
A) $961.00
B) $1729.81
C) $1922.01
D) $768.80
Correct Answer:
Verified
Correct Answer:
Verified
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