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1) A 3000 loan is repaid by annual payments of 290, plus a smaller final payment. If i=0,08, and the first payment is made one

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1) A 3000 loan is repaid by annual payments of 290, plus a smaller final payment. If i=0,08, and the first payment is made one year after the time of the loan, find the amount of principal and interest contained in the 23rd payment. Select one: a. p= 259.16; 1= 13.20 b. p= 227.16; i= 18.17 C.P=289.16; 1= 11.19 d. Pa: 317.86; I= 35.17

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