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9 of 10 (0 complete) T... You just took out a $12,000 loan for your small business. The loan has a four year term and
9 of 10 (0 complete) T... You just took out a $12,000 loan for your small business. The loan has a four year term and repayment is in the form of four equal end of -year payments. The interest rate on the loan is 11.5%. Consider the final loan payment. How much principal do you pay in the final payment? O A. $3,506.09 O B. $2,820.16 O C. $3,144.48 O D. $2,529.29 O E. $3,909.29 10 of 10 (0 complete) T... You just took out a $12,000 loan for your small business. The loan has a four year term and repayment is in the form of four equal end of -year payments. The interest rate on the loan is 11.5%. Consider the final loan payment. How much interest do you pay in the final payment? O A. $350.61 O B. $764.81 O C. $1,089.13 D. $403.20 O E. $1,380.00
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