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10 year life loan Gertrude Carter and Co. has an outstanding loan that calls for equal annual payments over the 10 year life of the

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10 year life loan

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Gertrude Carter and Co. has an outstanding loan that calls for equal annual payments over the 10 year life of the loan. The original loan amount was $100,000 at an interest rate of 6 percent. How much of the third payment is principal? O $6,130.42 $6,207.21 O $6,851.34 O $7,447.76 $8,524.52

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