Solved

Find the Payment Necessary to Amortize the Loan $\$ 150,000 ; 8 \%$

Question 10

Multiple Choice

Find the payment necessary to amortize the loan.
- $\$ 150,000 ; 8 \%$ compounded annually; 10 annual payments

A) $\$ 22,354.36$
B) $\$ 21,011.35$
C) $\$ 24,011.91$
D) $\$ 22,351.03$

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