Multiple Choice
If a business takes out a $10,000,7 year,12% loan,the decrease in principal in year 1 is: (assume annual payments) .
A) $991.17
B) $1,976.38
C) $1,200.00
D) $2,191.17
E) $2,456.54
Correct Answer:
Verified
Correct Answer:
Verified
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