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A loan of size A is to be amortized by monthly payments of $1000. The rate of interest on the loan is j12 = 18%.

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A loan of size A is to be amortized by monthly payments of $1000. The rate of interest on the loan is j12 = 18%. The outstanding balance immediately after the 4th monthly payment is $12,000. What is A? (Answer to the nearest dollar) O A. $16,091 OB. $16.000 O C. $15,075 OD $15,161

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