A loan of size A is to be amortized by monthly payments of $1000 The rate of interest on the loan is j 12 18 The outstanding balance immediately after the 4 th monthly payment is $12,000 What is A (Answer to the nearest dollar)

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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 j 12 =

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 4^th monthly payment is $12,000. What is A? (Answer to the nearest dollar)

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