Question
4. Margaret loans Fatimah $8,000. The loan is to be repaid at a nominal interest rate of 4.8% payable monthly. The monthly payments are to
4. Margaret loans Fatimah $8,000. The loan is to be repaid at a nominal interest rate of 4.8% payable monthly. The monthly payments are to be level $100 per month except for a smaller final payment. What is the outstanding loan balance at the end of one year?
A. $6,906
B. $7,008
C. $7,166
D. $8,144
E. $12,468
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Options Trading 12 Books In 1 Elevate Your Profits Erase Risks The Definitive Guide From Rookie To Top 1 Trader
Authors: Warren Ray Benjamin
1st Edition
979-8860106413
