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[ 4 pts. | Assume you borrow $ 115,000 at 12% per year interest and you agree to repay the loan in 9 equal annual
[ 4 pts. | Assume you borrow $ 115,000 at 12% per year interest and you agree to repay the loan in 9 equal annual payments. Which one of the following value is closest to the amount of the un-recovered balance immediately after you make the payment at the end of year 6? Select one: a. 59,615 b. 51.839 c. 64,799 d. 33,695
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