Multiple Choice
Suppose you borrowed $27,000 at a rate of 9.0% and must repay it in 4 equal installments at the end of each of the next 4 years.How large would your payments be?
A) $10,000.86
B) $8,334.05
C) $6,500.56
D) $10,250.89
E) $6,333.88
Correct Answer:
Verified
Correct Answer:
Verified
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