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1) A 3000 loan is repaid by annual payments of 400, plus a smaller final payment. If i=0,10, and the first payment is made one

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1) A 3000 loan is repaid by annual payments of 400, plus a smaller final payment. If i=0,10, and the first payment is made one year after the time of the loan, find the amount of principal and interest contained in the 15th payment. Select one: a. p =202.50; i = 20.25 b. p =299.56, 1 = 38.25 O cp=289.60, 1 = 29.25 d. p =214.50, 1 = 27.85

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