A bank recently loaned you $18,737.00 to buy a car. The loan is for 5 years and is fully amortized. The nominal rate on the loan is 6 percent, and payments are made at the end of each month. What will be the remaining balance on the loan after you make payment number 28? O $11,687.23 O $8,687.23 O $10,687.23 O $12,687.23 O $9,687.23

A bank recently loaned you $18,737,00 to buy a car. The loan is for 5 years and is fully amortized. The nominal rate on the loan is 6 percent, and payments are made at the end of each month. What will be the remaining balance on the loan after you mike payment number 28? $11,687.23 $8,687.23 $10,687.23 $12,687.23 $9,687.23