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A loan is being amortized with 25 quarterly payments. The principal portion of the 16th payment is $609.34. If j4=10%, what is original amount of

A loan is being amortized with 25 quarterly payments. The principal portion of the 16th payment is $609.34. If j4=10%, what is original amount of the loan? (answer to nearest dollar) You are given:S25|0.025=34.1578, a25|0.025=18.4244

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A loan is being amortized with 25 quarterly payments. The principal portion of the 16th payment is $609.34. If j4 = 10%, what is original amount of the loan? (answer to nearest dollar) You are given: S25/0.025 = 34.1578, a250.025 = 18.4244 = A. $14,021 B. $7752 C. $14,371 D. $26,643

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