Multiple Choice
On January 12, Alex has student loans totalling $14,000. Alex agreed to a $200 per month repayment schedule at which time the annual interest rate was 5.5%. Determine the balance of the loan at the end of January.
A) $13,840.08
B) $13,845.20
C) $13,881.91
D) $13,728.47
E) $13,990.64
Correct Answer:
Verified
Correct Answer:
Verified
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