1) A loan is being amortized with 25 quarterly payments. The principal portion of the 16th payment is $609.34. If j4=10%, what is original amount of the loan? (answer to nearest dollar)

2) Meg A. Bux takes out a loan for $10,000 at j4=10%, to be repaid with quarterly payments of $398.38. What is the outstanding balance of the loan just before the 27th payment is made?

= A loan is being amortized with 25 quarterly payments. The principal portion of the 16th payment is $609.34. If j4 = 10%, what is original amount of the loan? (answer to nearest dollar) You are given: S25|0.02 = 34.1578, a; = 18.4244 225|0.025 .025 O A. $14,021 B. $7752 C. $14,371 D. $26,643