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A loan is being repaid with installments of $2000 at the end of each two-month for 5 years at 4.3% convertible once every two months.

A loan is being repaid with installments of $2000 at the end of each two-month for 5 years at 4.3% convertible once every two months. Find the amount of principal in the 7th instalment. A. $ 1925.7 B. $ 1684.99 C. $ 2948.74 D. $ 2695.99 E. $ 842.5

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